Ukraine: Ferrexpo to buy 400 gondola cars

Until the end of the year Ferrexpo plans to buy 400 gondola cars.

The decision is due to the strategic plans of Ferrexpo to increase pellets output.

In early 2019 Yeristovo Mining and Processing Works purchased 200 gondola cars from Kryukovsky Works, bringing the combined total to 2.6 thousand cars. (Ukrainian metal)

Ukraine: Ferrexpo to squeeze-out PGOK minor shares

Ferrexpo AG will squeeze out Poltava Mining and Processing Works shares from minority shareholders.

The price of each share will be 34.24 UAH with their nominal cost of 9.96 UAH.

Ferrexpo AG owns 189,313.087 million ordinary shares, or 99.11% of PGOK. (Ukrainian metal)

Ukraine: Ferrexpo net profit down in 2018

In 2018 Ferrexpo received $355.22 million of net profit, down by 15% YoY. Revenue grew by 6.4%, to $1274.03 million. Pellets sales dropped by 2.3%, to 10.227 million tons, while their manufacture increased by 1.6%, to 10.607 million tons. Gross profit last year fell by 2.5%, to $766.09 million, and EBITDA – by 8.7%, to…

Ukraine: Ferrexpo pellets output down in Q1 2019

In January-March Ferrexpo produced 2.538 million tons of pellets, down by 1.8% YoY.

The decrease is due to the drop of 62% iron content pellets output – to 107.5 thousand tons from 149.9 thousand tons.

At the same time the manufacture of 65% iron content pellets fell by 0.2%, to 2.431 million tons. (Ukrainian metal)

Ukraine: Ferrexpo to squeeze out PGOK minority shares

Ferrexpo AG, owning 99.11% of Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine, intends to use squeeze-out from minority shareholders.

At present Ferrexpo AG owns 189.313 million ordinary shares. (Ukrainian metal)

Ukraine: Ferrexpo expecting $500 million of EBITDA in 2018

Ferrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018.

The group plans to announce its 2018 financial results on March 20.

In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million.

EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)

Ukraine: Ferrexpo to increase loan of 2017

Ferrexpo Plc. can increase the size of the pre-export financing of 2017 from $195 million to $500 million, postponing the payment from 3 to 4 years. According to the draft decision of the extraordinary shareholders meeting of Poltava Mining and Processing Works scheduled for September 17, amendments will be made to the loan agreement of…

Ukraine: Ferrexpo profit down in H1 2018

In January-June Ferrexpo decreased net profit by 29.6% YoY, to $152 million. According to the group statement, revenue grew by 4.4%, to $617 million. EBITDA dropped by 18.5%, to $234 million. Net debt as of June 30 decreased to $368 million from $394 million as of December 31, 2017. Sales volumes dropped to 4.798 million…