8 thousand Metinvest employees have been mobilized since the start of the full-scale Russian invasion. Metal companies face labor shortage, which is covered by attracting women. “Last year we didn’t lay off people, on the contrary – we made everything possible to retain manufacturing staff and improve efficiency. Yet the number of employees decreased by…
Since the start of the Russian full-scale invasion, each sixth Metinvest employee, or 15% of all the staff, has been mobilized to the Armed Forces of Ukraine. So far, around 1.5 thousand employees have returned form the war, and more than 500 have resumed work. The group expects that 6-7 thousand employees will return to…
In January-March, Metinvest paid 4.2 billion UAH of taxes, up 1.7-fold YoY. The subsoil use tax was the largest – 1.3 billion UAH, up 7.5-fold. The group has also increased payments of personal income tax – by 22%, to 791 million UAH. Moreover, Metinvest paid 870 million UAH of the sole social payment, up by…
In 2023, the consolidated net loss of Metinvest B.V. (the Netherlands) totaled $194 million, down 11-fold YoY. Revenue dropped by 11%, to $7.397 billion, and EBITDA – by 54%, to $861 million. Metal sector revenue decreased by 15.2%, to $4.846 billion, and mining – by 0.8%, to $2.551 billion. Corrected EBITDA of metal division fell…
The Oboz publication has prepared a rating of companies that have undertaken social obligations. Metinvest is also listed. Since the start of the Russian large-scale invasion, 9 thousand Metinvest employees have been mobilized to the army. 400 have already returned to work. The group has created an inclusive eco-system to integrate veterans in full-fledged life…
The Polish-Ukrainian agreement provides for 6 trains with steel and ore passing the Medyka point per day. At the same time, only 3-4 trains are allowed, as the Polish border and railroad administration favors other transports. “That is why we are forced to wait at the border, which increases our expenses. We have to pay…
In January-June 2023, Metinvest sold 55% of its metal and mining products in the European Union countries. In Ukraine the share of sales was 35%, in MENA – 2%, in the CIS – 1% and in other countries 7% valued at $2.423 billion. Moreover, in Ukraine the group sold 28% of its iron ore products,…
Metinvest enterprises continue operating at various levels of capacity, depending on security, personnel availability and electricity supplies, taking into account logistics and economic factors. In August 2023, Ukrainian army opened the Black Sea corridor for trade ships traveling to and from Ukraine. This allowed resuming sea exports of mining and metal products. Thus, Metinvest has…
