The international vertically integrated pipe and wheel company Interpipe in January-September of this year saw $32.338 million in net profit, while for the same period last year it amounted to $162.458 million.
According to the interim unaudited consolidated financial statements according to IFRS for January-September 2021, pretax profit amounted to $56.505 million compared to $178.133 million in January-September 2020 (a decrease of 68.8%).
In addition, Interpipe has reduced free cash from $109.643 million at September 30, 2020 to $103.007 million at the end of September 2021.
As reported, Interpipe in January-September 2021 increased its revenue by 15% compared to the same period last year, to $757 million, reduced EBITDA by 30%, to $151 million and increased capital investments by 65%, to $45 million.
The company’s net debt was $301 million with a net leverage ratio (net debt to EBITDA) of 1.4x.
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 around the world through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.
