Business news from Ukraine

METINVEST POSTS 21% RISE IN EBITDA IN NINE MONTHS

12 December , 2016  

KYIV. Dec 12 (Interfax-Ukraine) – Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in the first nine months of 2016 saw consolidated EBITDA rise by 21% compared to the same period last year, to $989 million.

According to preliminary financial results, its revenues during the reporting period fell by 15%, to $4.568 billion, while capital investment rose by 4%, to $199 million.

Metinvest noted since the beginning of the year it managed to reduce total debt by 1%, to $2.907 billion, while net debt by 4%, to $2.668 billion, increasing available funds by one-third, to $239 million.