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…
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…
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)
In July-September Metalloinvest increased pellets output by 2.4%, to 7.1 million tons, mostly because of the change in the schedule of repairs at LGOK. In January-September the group produced 20.8 million tons of pellets, up by 11.8% YoY. Metalloinvest also produced 10 million tons of iron ore in Q3, down by 1.3% QoQ, and 30…
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…
Metalloinvest has partially refinanced its credit portfolio due to the funds attracted under a new loan agreement with Gazprombank. Under the agreement the company has attracted 18.8 billion rubles for 6 years. All the money was spent to clear debt to Sberbank. Thus for the next 16 months the company has no debts on the…
International rating agency Fitch has affirmed a long-term issuer default rating and senior unsecured ratings of Russian metals holding Metalloinvest at BB, and revised the outlook on ratings to Positive from Stable, the agency said in a statement late on August 23. “The outlook revision reflects continued financial improvement, recovery on the global iron ore…
In January-June the net profit of Metalloinvest totaled $870 million, up by 48.7% YoY. Revenue grew by 24.6%, to $3.779 billion, EBITDA – by 40.5%, to 1.491 billion, while net debt dropped by 6.1%. The company has refinanced its pre-export financing at $240 million due to attracting a new PXF-2018 loan. Metalloinvest has also signed…
