KYIV. Jan 25 (Interfax-Ukraine) – Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and metallurgical group, in November 2015 had a negative EBITDA of $4 million, whereas in the previous month this figure was positive in the amount of $2 million.
According to the published preliminary unaudited consolidated financial statements under IFRS, the company’s revenues in November 2015 amounted to $475 million, while in the previous month $530 million.
Comparable results for November 2014 and October 2014 are not given.
The report states that the adjusted EBITDA of the group’s steel division for November 2015 amounted to “minus” $2 million (in October of 2015 some $1 million), the mining division $2 million ($15 million), the costs of the management company “minus” $9 million (“minus” $10 million), intercompany sales $5 million (“minus” $5 million). As a result, total EBITDA in November stood at “minus” $4 million (in October $2 million).
Total revenues in November consisted of revenues of the group’s metal division in the amount of $392 million (in October 2015 some $447 million), mining division $202 million ($279 million), intercompany sales “minus” $119 million (“minus” $196 million). As a result, total revenues in November were $475 million (in October $530 million).
