04.12.2018
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Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, published a trading update for the first nine months ended 30 September 2018.
Financial highlights
| (US$ mn) |
| 9M 2018 | 9M 2017 | Change |
|---|---|---|---|---|
| Revenues |
| 9,063 | 6,222 | 46% |
| Adjusted EBITDA |
| 2,015 | 1,373 | 47% |
| margin |
| 22% | 22% | 0 pp |
| CAPEX |
| 620 | 308 | >100% |
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| (US$ mn) |
| 30 Sep 2018 | 31 Dec 2017 | Change |
| Gross debt |
| 2,869 | 3,017 | -5% |
| Cash and cash equivalents |
| 446 | 259 | 72% |
| Net debt |
| 2.257 | 2.298 | -2% |
| Net debt/EBITDA |
| 0,8х | 1,1х | -0,3х |
Read the full release here
