On May 22 VSMPO-Avisma held an annual shareholders meeting. A part of the undistributed profit for 2017 in the amount of 10.34 billion rubles was spent to pay dividends (890.45 rubles per ordinary share). The board of directors was also paid 76 million rubles of the work in 2017. Revision commission members received 2.45 million…
The combined sales of titanium rolled products and bars by VSMPO-Avisma rose by 14% YoY, to 28,779 tons in 2017, the company said in a statement on May 23. Exports grew by 26%, to 20,588 tons, while domestic sales fell by 8%, to 8,192 tons. The U.S. and Europe accounted for most exports with 44%…
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)
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)
VSMPO-Avisma has decided to stop developing the Centralnoye deposits in Tambov region. The corporation acquired the right to develop the deposits in July 2011 for 1.473 billion rubles. In 2016 the start of the development was shifted to 2019. The corporation has prolonged its license till 2029. It was also interested in attracting partners to…
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…
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…
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)