The Ukrainian Metal

Ukraine: Metinvest revenue down in Q1 2020

In January-March, Metinvest decreased revenue by 11% YoY, to $2.536 billion.

The decrease was mostly due to the drop in sale prices following global decrease, as well as the influence of the COVID-19 pandemic on the business activity and demand for steel.

Revenue in Ukraine decreased by 6%, to $726 million.

At the same time, Ukraine’s share in consolidated revenue grew by 2%, to 29%.

Overall EBITDA totaled $373 million, down by 14%. (Ukrainian metal)

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