Trading Update for the Nine Months of 201401.12.2014
In 9M 2014, Metinvest’s consolidated revenues decreased by 14% (or US$1,348 million) y-o-y. This was primarily due to a fall in sales of steel (US$805 million), iron ore (US$419 million), coal (US$90 million) and coke products (US$101 million), partly offset by an increase in sales of pig iron (US$145 million). The Metallurgical division accounted for 78% of external sales (76% in 9M 2013) and the Mining division for 22% (24% in 9M 2013).
Metinvest Announces Financial Results for the First Six Months of 201421.10.2014
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), announced its unaudited IFRS interim condensed consolidated financial statements for the first six months ended 30 June 2014.
Metinvest Group increases tax payments significantly18.09.2014
Metinvest Group, Ukraine’s largest taxpayer, increased tax payments by 73% in August despite the hostilities in Donbass.
SCM and Smart-Holding announce completion of the merger of their metals and mining assets under Metinvest B.V.14.07.2014
The transaction between SCM and Smart-Holding on the merger of their metals and mining assets under jointly managed company Metinvest B.V. was closed on 14 July 2014. At the last stage of the transaction, Smart Group contributed 100% of the shares in Trosilia Holdings Limited (Cyprus) to the statutory capital of Metinvest B.V. Trosilia Holdings Limited indirectly owns 46.15% of the shares in PJSC Southern Iron Ore Enrichment Works.
Metinvest announces financial results for the full year 201304.04.2014
For the full year, consolidated revenues rose by 2% to US$12,807 million. Operating profit increased by 4% to US$1,026 million, giving an operating margin of 8%, while adjusted EBITDA rose by 15% to US$2,291 million, driving the EBITDA margin to 18%.
Metinvest brought over 30 new products to the market in 201319.03.2014
Metinvest Group's metallurgical plants manufactured 33 new products in 2013. The economic benefit of these new products was $42.5 mln.
Metinvest announces 4Q and 12M 2013 operational results31.01.2014
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announces its operational results for the fourth quarter and 12 months ended 31 December 2013.