financial results

In January-March, steel shipments increased by 14% q/q

Shipments in this period increased by 5.7% y/y

The company notes that costs will decrease due to the drop in energy prices

In January-March 2023, the company's revenue increased by 9.5%

In the first quarter, the company increased sales by 75% y/y

The outstanding loss of the enterprise in 2022 amounted to UAH 4.91 billion

Reducing the debt burden will make it possible to improve the company's financial flexibility

The company's income decreased by 59.9% y/y in 2022

The EBITDA of the mining segment in July-December 2022 amounted to $248 million, and the steel segment – -$20 million

The company's retained earnings at the end of last year amounted to 2.94 billion

The company notes an increase in demand for pellets from European steelmakers in the 1Q 2023

The company ended the first half of last year with a net loss of $1.69 billion