Metinvest posts preliminary financial results for August

28 October 2016

According to the statement of the company in August16 its revenues made USD 555M (USD 568M in July), EBITDA USD 133M (USD 147M in July). For 8m 2016 revenues USD 4bln, EBITDA USD 859M:

Metinvest financial results

Metinvest showed negative EBITDA during November15-January16, when ore&metal prices have been on the lowest levels during last years.

In last reporting month Steel division accounted for 83% of total Group sales (USD 462M) with EBITDA margin of 15% (21% in July), Mining disivison USD 93M of sales (to the thrird parties) with 35% EBITDA margin (24% in July).

We maintain our expectation on Y2016 EBITDA of Metinvest at USD 1.2-1.3bln.

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