Metinvest has suspended operation at two of its Italian plants due to the COVID-19 pandemic and the demands of the government. In particular, Ferriera Valsider and Metinvest Trametal will be shut down until April 3. In case the suspension of operation continues, Metinvest is expecting a decrease of output at its Ukrainian assets as well,…
Metinvest-Shipping, the main expeditor of Metinvest, has retained the first place in the “Expeditor of the Year” nomination of the 13th National Sea Rating. The company has been reaching the first place for the past 5 years. Metinvest-Shipping has become the absolute leader in non-container cargo transportation. Last year, the company shipped 32.86 million tons…
In January, Metinvest B.V. increased revenue by 5.5% MoM, to $821 million. EBITDA totaled $73, up by $112 million. Metal division revenue grew by 9.8%, to $681 million, mining division revenue was $234 million and inter-group sales – $94 million. Debts dropped by $5 million, to $3.032 billion. Metinvest received $38 million of profit from…
Metinvest has gained control over 73% of Dneprovsky By-Product Coke Plant shares. In 2014 the group applied to the Antimonopoly Committee of Ukraine to buy the controlling stake in Dneprodzerzhinsk By-Product Coke Plant, which was renamed in 2017. A year ago the Committee approved of the deal with some limitations. In particular, the group was…
In 2019 Metinvest enterprises mastered the manufacture of 53 new product types and earned $15 million. Azovstal is the leader among them, followed by Mariupol Ilyich Iron and Steel Works and Zaporizhstal. In particular, Mariupol Ilyich started producing 8 new types of slabs. The company has also mastered the manufacture of products with new chemical…
In 2019 Metinvest decreased net profit 3.5-fold YoY, to $341 million. According to the group, revenue dropped by 9%, to $10.757 billion, and EBITDA – by 52%, to $1.213 billion. Capital investments grew by 17%, to $1.055 billion. Total debt increased by 11%, to $3.032 billion, with net debt up by 12%, to $2.758 billion.…
Metinvest-SMC is launching a program to grant metal buyers the right for deferred payment for 3 months. Lately banks have almost entirely stopped providing companies with loans. “In early 2020 the situation began to change, the National Bank is gradually decreasing the discount rate, and the devaluation expectations of banks have dropped, so they are…
In 2019 Mariupol enterprises of Metinvest increased tax payments by 35.7% YoY, or by 315.6 million UAH, to 1.2 billion UAH. The amount of personal tax grew 1.4-fold, to 1.02 billion UAH. 90% of taxes paid by Metinvest to the budget of Mariupol accounted for taxes of metal companies and repairmen. 10% is the share…