In July Metinvest increased EBITDA by 54.3% MoM, to $145 million. Revenue dropped by 3.7%, to $946 million. Debts fell by $22 million, to $2.7 billion. In January-June Metinvest decreased net profit by 39% YoY, to $408 million. Revenue dropped by 6%, to $5.8 billion, and EBITDA – by 33%, to $890 million. (Ukrainian metal)
According to the Spetsstal Association, in January-August Krasniy Octyabr Iron and Steel Works returned as a leader of stainless steel manufacture. The share of the company in the overall Russian output was 30.7%. In 8 months Russia’s stainless steel manufacture grew by 9.8% YoY, to 56520 tons. (Ukrainian metal)
In 2020 Lebedinsky Mining and Processing Works will be switched to operation under tax monitoring. This will be the first Metalloinvest enterprise to start using the advanced format of cooperation with tax services. The enterprise is one of the largest taxpayers in Belgorod region – last year it paid over 21.4 billion rubles of taxes…
In July-September Elgaugol increased coal output by 3% QoQ, to 1.1 million tons. Excavating works grew by 1%, to 2.2 million cubic meters. Coal processing went up by 10%, to 712 thousand tons, and sales – by 9%, to 945 thousand tons. (Ukrainian metal)
Koksoviy Site LLC, a part of the PMH, in Kemerovo region has assembled the last of the new 90-ton BelAZs. Under the contract the enterprise has received 31 quarry dump trucks. The first trucks started operating in June, while the last would start operating in October. The machines will be used at one of the…
At a meeting held on October 24 the Board of Directors of NLMK Group approved of the new composition of the group’s Management Board. The board consists of: Grigory Fedorishin, President (Chairman of the Management Board); Mikhail Arkhipov, Vice President, HR & Management System; Tatiana Averchenkova, Vice President, Operational Efficiency; Ilya Guschin, Vice President, Sales;…
NLMK Group has announced its Q3 financial results. Revenue amounted to $2,576 million, down by 8% QoQ, with an EBITDA margin of 25%. Free cash flow totaled $249 million, down by 3%. NLMK Group CFO Shamil Kurmashov: “Q3 saw the situation on the steel markets aggravate due to a weakening in demand and the resulting…
At a meeting held on October 24 NLMK Group’s Board of Directors recommended the company’s shareholders to approve Q3 dividends of 3.22 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on December 20. This is approximately equivalent to 120% of the company’s free cash flow based on its IFRS…
