Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today publishes its IFRS interim management statement for the nine months ended 30 September 2017.
FINANCIAL HIGHLIGHTS FOR THE FIRST NINE MONTHS OF 2017
- Revenue USD 4,556 mn (+52.4% compared to 9M 2016)
- EBITDA USD 1,544 mn (+80.8% y-o-y)
- EBITDA margin 33.9% vs. 28.6% for 9M 2016
- Net Income USD 1,089 mn (+53.8% y-o-y)
- Total Debt USD 4,399 mn (+5.2% compared to 31 December 2016)
- Net Debt / EBITDA LTM 2.0x vs. 2.5x as of 31 December 2016
- Capital Expenditure USD 335 mn (+45.7% y-o-y)
- Total Assets USD 6,209 mn (flat compared to 31 December 2016)
KEY CORPORATE HIGHLIGHTS IN Q3 2017
- Launch of HBI-3 Plant at LGOK with a design capacity of 1.8 mn tonnes of HBI per year
- Completion of technical re-equipping of DRI unit #2 at OEMK
- Signing of long-term iron ore product supply contracts with Evraz, Severstal and Mechel
- Early partial repayment of PXF-2016 for a total consideration of USD 100 mn
- Election of new composition of Board of Directors
Full press release is available at http://www.metalloinvest.com/en/investors/financial-results/
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For further information, please contact:
Artem Lavrishchev
Director of Investor Relations and Corporate Ratings
E: ir@metalloinvest.com
Т: +7 (495) 981-55-55
Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.
Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the major beneficiary of USM Holdings (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (10%).
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