Russia: VSMPO-Avisma net profit down in January-September 2018

In January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles.

Revenue grew by 9.3%, to 60.3 billion rubles.

Gross profit increased by 17%, to 27.6 billion rubles.

Sales profit totaled 21.8 billion rubles, up by 20.1% YoY.

The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)

Russia: VSMPO-Avisma IFRS net profit up in H1 2018

The net profit of VSMPO-Avisma grew by 40% YoY, to $167.58 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said.

Revenue increased by 3.3%, to $786.08 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 6.1%, to $317.52 million. (Prime/Ukrainian metal)

Russia: VSMPO-Avisma RAS net profit down in H1 2018

The net profit of VSMPO-Avisma fell by 0.9% YoY, to 8.716 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a report on July 26.

Revenue increased by 5.7%, to 38.282 billion rubles.

Titanium sales grew by almost 6%, to 15,000 tons in the period. (Prime/Ukrainian metal)

Russia: VSMPO-Avisma exports to EU up in 2017

In 2017 VSMPO-Avisma share of exports to Europe increased to 47%. The corporation revenue dropped because of the ruble strengthening, to 72.4 billion rubles. Net profit reached 19.1 billion rubles, and EBITDA – 29.1 billion rubles. Titanium sales grew by 14%, to 28.8 thousand tons. Exports growth totaled 26%, with European countries accounting for 47%,…

Russia: VSMPO-Avisma profit down in Q1 2018

In January-March VSMPO-Avisma received 18.033 billion rubles of revenue, up by 1% YoY.

Net profit dropped by 20%, to 4.069 billion rubles, mostly because of the strengthening of the Russian ruble exchange rate as to Q1 2017.

Last year the group net profit decreased 2-fold YoY, to 12.8 billion rubles. (Ukrainian metal)

Russia: VSMPO-Avisma net profit down in 2017

In 2017 VSMPO-Avisma net profit dropped 2-fold YoY, to 12.8 billion rubles.

Revenue decreased by 1.6%, to 87.98 billion rubles.

Gross profit dropped by 26%, to 32.2 billion rubles.

The company fixed liabilities grew 1.6-fold, to 96.6 billion rubles, while current liabilities fell by 27.1%, to 27.1 billion rubles. (Ukrainian metal)

Russia: VSMPO-Avisma concerned about place on the market due to a ban on titanium supplies to the US

Russia’s VSMPO-Avisma, the world’s largest titanium producer, is concerned that a proposed ban on supplies of titanium to the United States could squeeze it out of emerging markets. Russia will stop the supply of titanium, which is necessary for the production of Boeing aircraft, to the United States, Sergey Ryabuhin, the chairman of Federation Council’s…

Russia: VSMPO-Avisma sales up in 2017

Last year VSMPO-Avisma increased titanium sales by 14% YoY. The company revenue dropped by 4.9%, to 72.435 billion rubles, with net profits down by 28%, to 19.138 billion rubles. The main factor of the decrease was the strengthening of the ruble, resulting in the drop in export revenue in rubles by 9%. EBITDA decreased by…

Russia: VSMPO-Avisma overfulfills manufacture plan

In January VSMPO-Avisma manufacturing plan was 102.17% fulfilled.

According to the company manufacturing director Oleg Ryabov, the shops Nos. 1, 20, 31, 37 and 38 coped with the task the best.

Not even long New Year holidays prevented them from reaching the target. (Ukrainian metal)

Russia: VSMPO-Avisma to have profit tax cut

The authorities of the Sverdlovsk region and the VSMPO-Avisma Corporation have concluded a special investment contract until 2023. According to the agreement the corporation will carry out modernization of its rolling complex in the city of Verkhyaya Salda valued at over 1.2 billion rubles. Following the modernization new jobs will be created and the titanium…

Russia: VSMPO-Avisma net profit down in January-September 2017

In January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles.

Revenues decreased by 775 million rubles, to 55.1 billion rubles.

Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)

Ukraine: VSMPO-Avisma not to invest in DGOK

VSMPO-Avisma decided not to invest into the expansion of Demurino Mining and Processing Works capacities to 50 thousand tons because of economical reasons. “At present we get 12-15 thousand tons of ilmenite. We won’t invest in the capacity increase”, the corporation CEO Mikhail Voevodin said. “When we bought DGOK, it already had a factory. Now…

Russia: VSMPO modernizing machinery

5 ultrasonic testing units by ScanMaster and BiA have been assembled at the forging complex in the town of Verkhnyaya Salda. Investments totaled 2.7 million euro (188.6 million rubles). VSMPO plans to unite all the ultrasound testing units in one place. For this in July the company started moving 8 units from the south extension…