Last year, Interpipe was able to increase sales of niche pipe products to the European Union several-fold. According to the first deputy CEO Denis Morozov, the company used the capacities of its R&D center to benefit from the temporary cancellation of duties and quotas on the European Union market and start producing unique goods for…
In January-June, Interpipe received a net profit of $122.43 million, up from $19.53 million last year. Sales revenue grew by 12.3%, to $518.38 million. Operational profit amounted to $178.29 million, up by 167.8%. Pipe manufacture in Q2 remained unchanged compared with Q1 at 105 thousand tons, while railroad products output grew by 35%, to 27…
In January-June, Interpipe increased its net profit 6.3-fold YoY, to $122.43 million. Operational profit went up 2.7-fold, to $178.29 million. Revenue totaled $518.38 million, up from $461.33 million last year. EBITDA grew 2.8-fold, to $142.09 million. (Ukrainian metal)
Interpipe has designed, developed and tested new Intrepid-MT premium-class joints for oil companies from the USA. Thanks to their high strength and impermeability, Intrepid-MT can be used as part of casing columns in inclined and horizontal oil and gas shafts. (Ukrainian metal)
As of now, capacities of the enterprises, comprising Interpipe, are loaded at 60-70% compared with the pre-war period. The group intends to keep this level till the end of the year. “Loading differs by divisions. The situation in the pipe and railroad divisions differs. There are also differences by quarters. But on average our capacities…
Interpipe has waved the false information spread last week on the media about its cooperation with Russia. According to the company, its patriotic position has always irritated Russia. In 2019, the Russian Federation applied an embargo on Interpipe products and put its managers on the sanctions lists. “Interpipe in no way operates on the Russian…
In January-March, Interpipe increased net profit 2.6-fold YoY, to $57.142 million. Profit before taxes was $74.448 million, up from $29.202 million last year. EBITDA totaled $79.427 million, as opposed to $15.139 million in Q1 2022. At the same time, sales revenue decreased by 4%, to $229.291 million. (Ukrainian metal)
In January-March, Interpipe increased steel output by 13% YoY, to 184 thousand tons. Pipes manufacture grew by 12%, to 105 thousand tons, while railroad products dropped by 13%, to 20 thousand tons. Since the start of the year, the manufacture at all Interpipe enterprises has been seriously affected by harsh electricity limits. But in March,…