Trading update for the first nine months of 2018

04.12.2018

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%





(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