Russia: Metalloinvest rating confirmed

The Expert RA rating agency has confirmed Metalloinvest rating at the ruAA- level with positive outlook. The analysts have positively estimated the financial and operational results of the group in 9 months of 2018, including its vertical integration, high added value output growth and prime cost level control. The increase in profitability and optimization of…

Russia: Metalloinvest loan prolonged

Metalloinvest has signed an addendum to the loan agreement with ING Bank Eurasia. The bank has extended till November 2020 the terns of the loan in the volume of $200 million (or in euro equivalent). In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion. Revenue grew by 17.3%, to $5.342 billion and…

Russia: Metalloinvest profit up in January-September 2018

In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion.

Revenue grew by 17.3%, to $5.342 billion and EBITDA – by 41.4%, to $2.183 billion.

The net debt/EBITDA ratio decreased to 1.3x from 1.9x as of December 31, 2017.

Capital expenses dropped to $320 million from $335 million. (Ukrainian metal)

Russia: Metalloinvest and Signify complete second stage of lighting modernization at LGOK, MGOK and OEMK

Signify (previously Philips Lighting) has modernized lighting systems at three Metalloinvest enterprises: Lebedinsky and Mikhailovsky Mining and Steel Works as well as Oskol Electrometallurgical Works. All in all the company has replaced over 5 thousand lamps in 15 shops. As the result of the second stage of the large-scale program to modernize lighting at Metalloinvest…

Russia: Metalloinvest increases S&OP efficiency

Metalloinvest is improving its sales and operation planning efficiency. Within the Industry 4.0 business transformation program the company is using the Quintiq solution at all of its key enterprises: Lebedinsky and Mikhaylovsky Mining and Processing Works, OEMK and Ural Stal. “The Quintiq solution helps to efficiently optimize the whole delivery chain. It will help us…

Russia: Metalloinvest net profit up in January-September 2017

In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY.

Revenue totaled $4.556 billion, up by 52.4% YoY.

EBITDA grew by 80.8%, to $1.544 billion, with metallurgical segment of the company EBITDA up by 39.8%, to $267 million. (Ukrainian metal)