28 Npvember 2016
According to the statement of the company in September’16 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 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 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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