In 2019 Metinvest decreased net profit 3.5-fold YoY, to $341 million. According to the group, revenue dropped by 9%, to $10.757 billion, and EBITDA – by 52%, to $1.213 billion. Capital investments grew by 17%, to $1.055 billion. Total debt increased by 11%, to $3.032 billion, with net debt up by 12%, to $2.758 billion.…
Metinvest-SMC is launching a program to grant metal buyers the right for deferred payment for 3 months. Lately banks have almost entirely stopped providing companies with loans. “In early 2020 the situation began to change, the National Bank is gradually decreasing the discount rate, and the devaluation expectations of banks have dropped, so they are…
In 2019 Mariupol enterprises of Metinvest increased tax payments by 35.7% YoY, or by 315.6 million UAH, to 1.2 billion UAH. The amount of personal tax grew 1.4-fold, to 1.02 billion UAH. 90% of taxes paid by Metinvest to the budget of Mariupol accounted for taxes of metal companies and repairmen. 10% is the share…
Metinvest is prepared to transfer 4 billion UAH for the development of the Pokrovskoye Mine Group having purchased a control stake in the company. When Metinvest bought 24.9% in the company in H2 2018, investments poured into it, which made the company profitable. “700 million UAH were provided in 2019 to buy new machinery. The…
Metinvest has paid 10 million UAH of compensation for damages to environment imposed after an inspection of the Mariupol Iliych Iron and Steel Works. This is the first time that MMK has paid such an amount for the breach of environment protection legislation. In particular, the company was violating regulations of waste treatment. (Ukrainian metal)
In 2019 the Metinvest Group paid 21.1 billion UAH of tax to budgets of all levels, down by 5% YoY. In particular, the profit tax totaled 7.7 billion UAH, down by a third. Moreover, the group has also paid 1.9 billion UAH for subsoil use (+28%), 4.2 billion UAH of social single payment (+36%) and…
In November 2019 Metinvest B. V. decreased revenue by 13% MoM, to $693 million. Metal segment revenue totaled $576 million and mining – $188 million. Inner-group sales were at minus $72 million. EBITDA decreased to minus $2 million. Metinvest debt grew by $14 million, to $2.971 billion. (Ukrainian metal)
In 2019 Metinvest increased steel output by 3% YoY, to 7.578 million tons. In particular, Mariupol Ilyich Iron and Steel Works increased manufacture by 321 thousand tons due to the commission of the continuous casting machine No. 4. At the same time, Azovstal decreased output by 66 thousand tons because of the pig iron production…