Metinvest posts preliminary financial results for September

28 Npvember 2016

According to the statement of the company in September16 its revenues made USD 565M (USD 555M in August), EBITDA USD 128M (USD 133M in August). For 9m 2016 revenues USD 4.5bln, EBITDA close to USD 1.0bln:

Metinvest financial results for September 2016

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 82% of total Group sales (USD 466M) with EBITDA margin of 16% (15% in August), Mining disivison USD 99M of sales (to the thrird parties) with 32% EBITDA margin (35% in August).

Taking into account current situation on steel&ore markets we increase our forecast on Y2016 EBITDA of Metinvest from USD 1.2-1.3bln up to USD 1.4-1.5bln.

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