Source - EQS

Metalloinvest Finance Designated Activity Company / 1st Quarter Results
Metalloinvest announces interim management statement for Q1 2017

31-May-2017 / 13:59 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Moscow, Russia - 31 May 2017 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today publishes its IFRS interim management statement for the first quarter ended 31 March 2017.
 

FINANCIAL HIGHLIGHTS

- Revenue USD 1,520mn (+85.1% compared to Q1 2016)

- EBITDA USD 527 mn (2.9 times increase y-o-y)

- EBITDA margin 34.7% vs. 22.4% in Q1 2016

- Net Income USD 391 mn (2.2 times increase y-o-y)

- Net Debt USD 3,434 mn (+8.6% compared to 31 December 2016)

- Net Debt / EBITDA LTM 2.1x vs. 2.5x as of 31 December 2016

- Capital Expenditure USD 62 mn (-32.6% y-o-y)

- Total Assets USD 6,815 mn (+9.9% compared to 31 December 2016)
 

KEY CORPORATE HIGHLIGHTS

- Long-term steel billets supply contract signed with OMK

- Testing and adjustment of equipment conducted at HBI-3 Plant at LGOK

- Credit rating outlook upgraded to Stable by Standard & Poor's, 'BB' long-term corporate credit rating affirmed




Full press release is available at http://www.metalloinvest.com/en/investors/financial-results/

 
 
 

Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.
Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the major beneficiary of USM Holdings (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (10%).
 


 



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Language: English
Company: Metalloinvest Finance Designated Activity Company
28, Rublevskoye shosse
121609 Moscow
Russia
Phone: +7 (495) 981-5555
Fax: +7 (495) 981-9992
E-mail: [email protected]
Internet: http://www.metalloinvest.com/
ISIN: XS0918297382
WKN: B9HLRV8
Listed: Foreign Exchange(s) Dublin
Category Code: QRF
TIDM: IRSH
Sequence No.: 4253

 
End of Announcement EquityStory.RS, LLC News Service

579133  31-May-2017 

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