Metinvest

INVESTORS
May 29, 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 first quarter ended 31 March 2020.

 

Financial highlights

(US$ mn)
1Q 2020
1Q 2019
Change
Revenues
2,536
2,863
-11%
Adjusted EBITDA
373
435
-14%
margin
15%
15%
0 pp
CAPEX
148
198
-25%
(US$ mn)
31 Mar 2020
31 Dec 2019
Change
Total debt
3,107
3,032
2%
Cash and cash equivalents
328
274
20%
Net debt
2,779
2,758
1%
Net debt/EBITDA
2.4x
2.3x
0.1x
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