INVESTORS
December 04, 2018

Trading update for the first nine months of 2018

Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), today published a trading update for the first nine months ended 30 September 2018.

Financial highlights

(US$ mn)   9M 2018 9M 2017 Change
Revenues   9,063 6,222 46%
Adjusted EBITDA   2,015 1,373 47%
      margin   22% 22% 0 pp
CAPEX   620 308 >100%
         
(US$ mn)   30 Sep 2018 31 Dec2017 Change
Gross debt   2,869 3,017 -5%
Cash and cash equivalents   446 259 72%
Net debt   2.257 2.298 -2%
Net debt/EBITDA   0,8х 1,1х -0,3х

 

READ THE FULL RELEASE (pdf)

Andriy Bondarenko
Head of Investor Relations
Tel: +41 22 591 03 74 (Switzerland) 
Tel: +380 44 251 83 24 (Ukraine)
andriy.bondarenko@metinvestholding.com

Yana Kalmykova
Manager of Investor Relations
Tel: +380 44 251 83 36 (Ukraine)
yana.kalmykova@metinvestholding.com

METINVEST GROUP is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Metinvest’s business is divided for financial reporting purposes into two segments: Metallurgical and Mining. Its strategic vision is to become a leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above the industry benchmarks. For the six months ended 30 June 2018, the Group reported revenues of US$6.2 bn and an EBITDA margin of 22%.

METINVEST HOLDING LLC is the management company of Metinvest Group.

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