News

Metinvest Group, Ukraine’s largest taxpayer, increased tax payments by 73% in August despite the hostilities in Donbass.

Vin-Pellet biofuel pellet plant won the competition Best Buildings and Facilities Constructed in Ukraine in 2013 in the Industrial Enterprises and Production Facilities nomination.

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.

Smart-Holding announces its decision to cut off funding to FC Sevastopol, as the Crimean club cannot participate in the 2014-2015 season of the Ukrainian Championship Premier League.

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%.