Revenue of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, in June this year grew by 9.8%, or $153 million, compared to the previous month, to $1.722 billion from $1.569 billion.
According to the published preliminary unaudited consolidated monthly results of the company’s financial statements last week, total EBITDA in June was $931 million, which is $179 million, or 23.8%, higher than in May ($752 million). At the same time, EBITDA from participation in the joint venture amounted to $126 million (in May it was $147 million).
According to the report, the adjusted EBITDA of the metallurgical division of the group in June 2021 amounted to $401 million (in May it was $367 million), including $28 million from participation in the joint venture ($46 million); EBITDA of the mining division reached $650 million ($460 million), including $97 million ($101 million) from the joint venture. The management company spent $30 million ($5 million).
Total revenue in June consisted of $1.303 billion of the Metallurgical Division ($1.244 billion in May) and $713 million in the Mining Division ($583 million). Intragroup sales totaled $294 million ($258 million).
The total debt of Metinvest in June decreased by $466 million compared to May, to $2.459 billion from $2.925 billion. At the same time, the volume of funds increased by $204 million, to $1.443 billion from $1.239 billion.
Funds used in investment activities amounted to $37 million, in financial activities – $464 million.
Metinvest received $73 million from the resale of square billets (produced by DMK) in June in the amount of 102,000 tonnes. In addition, $225 million was received from the resale of 215,000 tonnes of flat products, $59 million from the resale of 68,000 tonnes of long products, and $53 million from the resale of 80,000 tonnes of pig iron.
In general, the company in June sold 440,000 tonnes of semi-finished products for $316 million, 814,000 tonnes of finished metal products for $849 million, and 162,000 tonnes of coke for $59 million.
In June, the Group sold 1.731 million tonnes of iron ore for $395 million, and 206,000 tonnes of coal concentrate for $29 million.
