Trading update for the first nine months of 2020
Metinvest B.V., the parent company of an international vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), today published a trading update for the nine months ended 30 September 2020.
Financial highlights
| Summary — financial position |
9M 2020 |
9M 2019 |
Change, y-o-y |
|
| |
|
|
US$ mn |
% |
| Revenues |
7,628 |
8,507 |
-879 |
-0,1 |
| Adjusted EBITDA |
1,379 |
1,193 |
186 |
0,16 |
| Margin |
0,18 |
0,14 |
|
4 пп |
| CAPEX |
460 |
770 |
-310 |
-0,4 |
| Summary — financial position |
30-09-2020 |
31-12-2019 |
Change, YTD |
|
| |
|
|
US$ mn |
% |
| Total debt |
2,927 |
3,032 |
−105 |
-0,03 |
| Cash and cash equivalents |
649 |
274 |
375 |
>100% |
| Net debt |
2,278 |
2758 |
−480 |
−0,17 |
| Net debt / LTM EBITDA |
1.6x |
2.3x |
|
0.7x |
