28 October 2016
According to the statement of the company in August’16 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 showed negative EBITDA during November’15-January’16, 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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