Revenue of Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, in July this year increased by 1.6%, or $27 million compared to the previous month, to $1.749 billion from $1.722 billion.
According to the published preliminary unaudited consolidated monthly results of the company’s financial statements on Tuesday, the total EBITDA for July was $963 million, which is $32 million, or 3.4% more than in June ($931 million). At the same time, EBITDA from participation in the joint venture amounted to $173 million (in June – $126 million).
According to the report, the adjusted EBITDA of the group’s metallurgical division over July 2021 amounted to “plus” $420 million (in June – “plus” $401 million), including $51 million from participation in the joint venture ($28 million); EBITDA of the mining division – $610 million ($650 million), including from the joint venture – $121 million ($97 million). The management company spent $10 million ($30 million).
Total revenue in July consisted of the $1.362 billion revenue in the metallurgical division ($1.303 billion in June), and the $690 million revenue in the mining division ($713 million). Intragroup sales were $303 million ($294 million).
The total debt of Metinvest in July decreased by $10 million compared to June, to $2.449 billion from $2.459 billion. At the same time, the cash volume increased by $631 million, to $2.074 billion from $1.443 billion.
Funds used in investment activities amounted to $314 million, and in financial activities – $22 million.
Metinvest received $70 million from the resale of square billets (produced by Dniprovsky Iron and Steel Work) in July in the amount of 94,000 tonnes. In addition, $254 million was received from the resale of 225,000 tonnes of flat-rolled products, 79,000 tonnes of long products – $67 million, and 53,000 tonnes of cast iron – $44 million.
In general, the company in July sold 370,000 tonnes of semi-finished products for $287 million, 809,000 tonnes of finished metal products for $913 million, and 186,000 tonnes of coke for $87 million.
In July, the group sold 1.437 million tonnes of iron ore for $366 million, and 82,000 tonnes of coal concentrate for $12 million.
