Trading update for the first quarter of 2021
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 2021
Financial highlights
| (US$ mn) |
1Q 2021 |
1Q 2020 |
Change |
| Revenues |
3,624 |
2,536 |
43% |
| Adjusted EBITDA |
1,462 |
373 |
>100% |
| margin |
40% |
15% |
25 pp |
| CAPEX |
147 |
148 |
-1% |
| (US$ mn) |
31 Mar 2021 |
31 Dec 2020 |
Change |
| Total debt |
3,273 |
2,937 |
11% |
| Cash and cash equivalents |
970 |
826 |
17% |
| Net debt |
2,303 |
2,111 |
9% |
| Net debt/EBITDA |
0.7x |
1.0x |
-0.3x |
