The revenue of Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, in February this year increased by 17.9%, or $ 185 million compared to the previous month, to $ 1.216 billion from $ 1.031 billion.
According to the published preliminary unaudited consolidated monthly results of the company’s financial statements, total EBITDA in February was $ 503 million, which is $ 125 million, or 33.1%, higher than in January ($ 378 million), while EBITDA from participation in joint venture amounted to $ 86 million (in January – $ 80 million).
According to the report, the adjusted EBITDA of the metallurgical division of the group for February 2021 amounted to “plus” $ 257 million (in January – “plus” $ 171 million), including $ 21 million from participation in joint venture ($ 13 million), while EBITDA of the mining division – $ 318 million ($ 234 million), including from joint venture – $ 65 million ($ 67 million). The management company spent $ 6 million ($ 7 million).
Total revenue in February consisted of $ 920 million ($ 789 million in January) from the metallurgical division, $ 426 million ($ 329 million) from the mining division, and $ 130 million from intra-group sales ($ 87 million).
The total debt of the company in February increased by $ 83 million compared to January, to $ 3.033 billion from $ 2.950 billion, while the volume of cash increased by $ 61 million, to $ 1.180 billion from $ 1.119 billion.
Funds used in investment activities amounted to $ 201 million, in financial activities – $ 90 million.
Metinvest in February received $ 58 million from the resale of square billets in the amount of 95,000 tonnes. In addition, $ 170 million was received from the resale of 258,000 tonnes of flat products, 47,000 tonnes of long rolled products brought $ 32 million, 89,000 tonnes of pig iron – $ 45 million
The main shareholders of Metinvest are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the management company of Metinvest Group.
Vaccination centers were opened in Kyiv, Lviv and Odesa during May 29-30, where local residents can get vaccinated.
According to the press service of the Kyiv City State Administration, 3,467 people were vaccinated at the COVID-19 vaccination center created on the basis of the International Exhibition Center in the capital. In particular, 2,072 people received vaccinations on Sunday.
“Today the number of people wishing to get vaccinated was extremely large. For me, this is an evidence of the awareness and consciousness of people. Such a willingness to be vaccinated gives hope that with the availability of vaccines we will be able to overcome the pandemic in the country and in the world as a whole,” first deputy head of the Kyiv City State Administration Mykola Povoroznyk said.
As reported, the residents of Kyiv who registered in the Diia application were vaccinated with the CoronaVac vaccine. Some 16 teams worked at the Vaccination Center. The vaccination team included a registrar, a doctor and a nurse, who underwent special training.
“All conditions have been created here for a safe vaccination process, and an ambulance team is on duty to provide emergency medical assistance, if any,” the message says.
In Lviv, a vaccination center was created on the basis of the Lviv Arena, which will work next weekend.
According to head of the Lviv Regional State Administration Maksym Kozytsky, 1,041 local residents were vaccinated in two days.
“Lviv region is the leader in terms of vaccination rates, today almost 78,000 people were vaccinated and protected themselves from the coronavirus,” Kozytsky wrote on his Facebook page.
He reported that the entrance to the center is free. Also, if additional vaccine is available, the possibility of deploying such centers in other districts of the city will be considered, which will be announced additionally.
Another COVID-19 vaccination center was opened in Odesa on the territory of the stadium of the National University Odesa Law Academy, which will work from 0900 to 1700.
Ukraine International Airlines (UIA) plans to resume regular flights to Athens (Greece) from June 18, 2021.
As the press service of the company said, the flights will be operated on Tuesdays, Thursdays and Fridays.
Departure from Kyiv is planned at 10:35, arrival – at 13:10. In the opposite direction, departure is scheduled at 14:05, arrival at 16:40.
Direct flights from Kyiv to Athens during this period will also be operated by Wizz Air and Ryanair.
A separate cluster dedicated to the study of biotechnology, in particular, countering biological threats, will be created at the Presidential University of Information and Cybersecurity, Minister of Health of Ukraine Viktor Liashko said.
“A separate cluster at the President’s University will be devoted to biotechnology: biological threats, chronic non-infectious diseases, aging of the population, many pathogens that cause diseases in humans and animals. These are all the threats for which we must prepare,” he said at the All-Ukrainian Forum entitled “Ukraine 30. Education and Science” on Monday.
According to him, this cluster will include: School of Biotechnology, Center for Clinical Research, National Health Research Center, Higher School of Medicine, BSL-3 laboratory, School of Public Health, and Center for Safe Professional Development.
As reported, President of Ukraine Volodymyr Zelensky signed a decree on the creation of a presidential University, which will study information and cyber security, artificial intelligence, nanotechnology, aerospace, energy and biotechnology.
The decree has not been made public yet.
Electric steelmaking complex Interpipe Steel of international vertically integrated pipe and wheel company Interpipe (Dnipro) in January-April of this year increased steel production, according to recent data, by 3.9% compared to the same period last year, to 283,000 tonnes.
As the company told Interfax-Ukraine, 90,000 tonnes of steel were produced in April, while in the previous month – 79,500 tonnes.
In 2020, the company reduced steel production by 11.2% compared to 2019, to 758,700 tonnes.
Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries all over the world through a chain of commercial offices located in the CIS, Europe, the United States and the Middle East.
Ukrproduct Group, a major Ukrainian producer of packaged butter and processed cheese, expects to receive GBP 1.16 million (UAH 45.37 million) in net loss over 2020 (taking into account losses from exchange rate differences) versus GBP 2.03 million (UAH 79.40 million) in net profit in 2019.
According to unaudited financial data posted by the company on the London Stock Exchange, Ukrproduct’s revenue may grow by 11.1%, to GBP 55.5 million (UAH 2.17 billion), and gross profit will remain at the 2019 level at GBP 4.7 million (UAH 183.83 million).
“The gross profit margin decreased by 0.9 percentage points to 8.5%, as a result of the rising raw milk prices and a sharp dip in milk protein prices worldwide during peak supply over the summer months that was to some extent offset by an improvement of margins in spreads, processed cheese and beverages,” according to the company’s report on the stock exchange.
The company saw rise in sales of spreads by 132.8% and processed cheese products by 79.9% in 2020, driven by their rebranding and repositioning, while sales of butter declined. According to the company, last year it took first place in the ranking of exporters in terms of proceeds from sales of processed cheese products, and its market share was 59%.
Over 2020, Ukrproduct intends to receive GBP 800,000 (UAH 31.29 million) of operating profit versus GBP 1.57 million (UAH 61.41 million) in 2019.
“Despite the COVID-19 pandemic, 2020 has turned out well and been stable for the dairy industry, with the consumption and production of dairy products increasing against the background of quarantine restrictions. The dairy industry remains vital for consumers and therefore the Company has maintained its performance and has worked throughout 2020 without interruption, navigating new market realities,” the report said.
According to the report, due to quarantine measures in 2020, revenue from sales of beverages remained at the level of 2019 and amounted to GBP 1.7 million.
“In order to ensure high quality cheese production the Group concentrated on the use of its own semi-processed materials in the production of processed cheese and minimised skimmed milk powder [SMP] production due to the global dairy commodities prices contraction,” the report said.
The company said it plans to pursue stronger margins and to further escalate sales of processed cheese and spreads, as well as to improve margins of packaged butter by a continuous upgrade into the premium market segment. It is also looking into the most efficient ways of procuring raw milk, which is subject to local competition that has been strengthening and thus increasing prices.
The full audited accounts are in the process of being finalised and the Company expects to announce these within the deadlines.
