In 2016 Ferrexpo received $189.2 million of net profits, up 6-fold YoY, with revenue up by 2.6%, to $986.33 million. According to the company statement, its EBITDA increased by 20%, to $375 million. At the same time its net debt decreased by 32% YoY, to $589 million. Capital investments last year dropped by 25%, to…
Fitch Ratings has upgraded Ferrexpo Plc‘s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC,’ reads a report on the rating agency’s website. “The outlook is stable. Ferrexpo Finance Plc’s senior unsecured rating was upgraded to ‘B-‘ from ‘CCC’. The Recovery Rating on the senior unsecured rating is ‘RR4’. Ferrexpo’s Short-term IDR was upgraded to…
In January Ferrexpo produced 900 thousand tons of pellets, down by 11.8% YoY. Concentrate output dropped by 15.9% YoY, to 1.051 million tons. In 2016 Ferrexpo decreased pellets output of its own raw materials by 1.7% YoY, to 11.07 million tons, of purchased raw materials – by 68%, to 129.2 thousand tons. All this resulted…
S&P Global Ratings raised its long-term corporate credit rating on Ukrainian iron ore producer Ferrexpo Plc to ‘B-‘ from ‘CCC’ and its short-term rating to ‘B’ from ‘C’, following the recent rally in the prices of iron ore in the world. “The recent rally in the price of iron ore, supported by a tight supply…
In 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, increased iron ore pellets sales by 3.5% YoY, to a record of 11.7 million tons, while output dropped by 4% YoY, to 11.2 million tons. According to the company statement, the annual production of 65% Fe content pellets also hit a record, increasing by…
In January-October Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works produced 9.25 million tons of pellets, down by 4.6% YoY. According to a company representative, its concentrate output went up by 1.9% YoY, to 11.72 million tons. In October 930 thousand tons of pellets and 1.14 million tons of concentrate was produced. Ferrexpo…
For the past three years Ferrexpo has decreased its pellets supplies to China from 25% to 13%. “We started with 25% sales to China, but once we improved the quality of our pellets, we started selling more to the Western Europe and the North-Eastern Asia”, the investors and communications director Ingrid McMahon reported. According to…
In 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, intends to keep pellets output on the last year level, when it produced 11.66 million tons. “We expect pellets output to reach 11.2-11.3 million tons, though we hope it will be higher. But what is important for us is that 94% of them will…