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 2021.
Financial highlights
| (US$ mn) |
9M 2021 |
9M 2020 |
Change |
| Revenues |
13,562 |
7,628 |
78% |
| Adjusted EBITDA |
6,102 |
1,379 |
>100% |
| margin |
45% |
18% |
27 pp |
| CAPEX |
822 |
460 |
79% |
| |
|
|
|
| (US$ mn) |
30 Sept 2021 |
31 Dec 2020 |
Change |
| Total debt |
2,245 |
2,937 |
-24% |
| Cash and cash equivalents |
2,006 |
826 |
>100% |
| Net debt |
239 |
2,111 |
-89% |
| Net debt/EBITDA |
0.0x |
1.0x |
-1.0x |
