The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million.
According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this figure in October 2016 ($127 million).
Comparable results for November 2015 are not given.
As detailed in the report, the adjusted EBITDA of the group’s steel division in November 2016 was $48 million (including $16 million from participation in JV), while in October 2016 the figure totaled $73 million. The mining division’s EBITDA in November 2016 was $79 million (including $18 million from participation in JV), whereas in October 2016 $64 million.
The costs of the managing company were “minus” $7 million (in October 2016 – “minus” $6 million).
As a result, total EBITDA in November 2016 stood at $112 million (including $34 million from total participation in JV), whereas in October 2016 – $127 million. (Interfax/Ukrainian metal)