financial results

In the fourth quarter of 2022, net revenue decreased by 30.4%

In this period, the company increased the sale of seamless pipes by 11% y/y

In particular, the company's performance was affected by the decrease in steel prices

Sales of steel decreased by 9% year-on-year

In 2022, the supply of stainless steel decreased by 7% y/y

The company's revenue for the year increased by 4.3% y/y

Activity in Europe was affected by energy prices and recession concerns

Revenue from sales of the company's products for January-September decreased by 9.2% year-on-year

The total volume of coal sales in this period reached 3.49 million tons

The outstanding loss at the end of last year amounted to UAH 826.73 million

In the conditions of a difficult market situation, the company achieved and exceeded all financial goals

For the year, the company's net sales amounted to UAH 1.33 billion compared to UAH 366.8 million in 2020