21 January 2024

In the reporting quarter, the company's production of pipes and railway wheels was stable compared to previous quarters.

After the publication of the financial report based on the results of the company’s activity in the third quarter of 2023, Interpipe also published a presentation with the general results of the activity in the reporting quarter.

	Q3 2023	9m 2022	9m 2023
Crude steel output, kmt	186	463	530
Pipes output, kmt	100	309	310
Wheels output, kmt	26	65	73
Pipes sales, kmt	106	282	300
Wheels sales, kmt	25	64	70
Revenues, $mln	267	687	785
EBITDA, $mln	111	123	287
Operating cash flow, $mln	128	105	224

The company's production figures remain relatively stable. Steel production in the reporting quarter amounted to 186 thousand tons (+16% q-o-q, +5% y-o-y), production of steel pipes - 100 thousand tons (-5% to both the second quarter of 2023 and the third quarter of 2022), railway wheels - 26 thousand tons.

In just the first nine months of 2023, compared to the previous year, steel production increased by almost 15% to 530,000 tons, and pipe production increased by 6% to 300,000 tons. From March 2023, the company's production facilities are operating at 60-70% of volumes before a full-scale invasion.

According to the company's report, its turnover for January-September 2023 amounted to $785 million, which is 14% higher y-o-y.

The group's EBITDA for the same period amounted to $287 million, which is more than twice higher y-o-y ($123 million). Only in the Q3, Interpipe’s EBITDA amounted to $111 million, which is the best result for the company in recent years.