The international vertically integrated pipe and wheel company (TKK) “Interpipe” in January-March of this year reduced EBITDA by 63% compared to the same period last year – to $ 15.139 million, but increased revenue from product sales by 19% – up to $239.185 million
According to the company’s press release for the first quarter, steel production decreased by 16% – to 163 thousand tons, pipes – by 12%, to 97 thousand tons, railway products – by 43%, to 23 thousand tons. At the same time, sales of products decreased by 10%, to 140 thousand tons.
The press release notes that the first two months of 2022, the global market conditions were positive for Interpipe. However, after February 24, when Russia invaded Ukraine and launched its first missile strikes, the company’s management decided to completely suspend production. The main task was to ensure the safety of employees and maintain all production facilities. This led to a decrease in pipe production in the first three months of 2022 by 12%, and railway products by 43%.
Despite the decline in operating performance, Interpipe increased its sales revenue by 19% in the first three months, mainly due to a 47% increase in sales revenue from the pipe division, to $181 million.
At the same time, EBITDA fell by 63%. In addition to the loss of sales volumes and additional logistics and transportation costs due to the intrusion on financial results, an additional negative impact was made by the rise in prices for the main raw materials: scrap metal, electricity and natural gas. For example, in the first quarter of 2022, the price of natural gas in Ukraine on average increased more than six times compared to last year, the press release states.
And about. Andrey Korotkov, General Director of Interpipe, explained that at the end of March the company began to cautiously resume shipments, and from April it began a phased launch of production. In May, Interpipe Steel’s electric steel-smelting complex started operating, and the company began to gradually increase the volume of production and shipment of finished products.
“However, unfortunately, Interpipe cannot yet return to pre-war production volumes, since the war broke the usual supply chains, as the Black Sea seaports of Ukraine are blocked, the country has a large shortage of fuel, transport infrastructure is constantly being destroyed as a result of missile strikes. New chains supply and logistics are in the process of restructuring and formation,” Korotkov said, quoted by the press service.
According to him, since the beginning of the full-scale invasion, Interpipe has been steadily paying salaries to all employees, including those who are idle. At the same time, the company, with the support of the Victor and Elena Pinchuk Foundations, joined the large-scale assistance to the Armed Forces of Ukraine, doctors and civilians, allocating more than $35 million for these purposes during the 126 days of the war.
As reported, Interpipe received $91.316 million in net profit in 2021, while in 2020 this figure was $195.116 million (a decrease of 53.2%). Revenue increased to $1 billion 132.9 million from $865.131 million.
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 through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe. In 2021, Interpipe sold 602 thousand tons of pipe products and 174 thousand tons of railway products. Railway products are sold under the KLW brand.
Interpipe employs 10,000 people. In 2021, the company transferred almost UAH 3 billion to the budgets of all levels.
There are five industrial assets in the company’s structure: Interpipe Nizhnedneprovsk Pipe Rolling Plant (NTZ), Interpipe Novomoskovsky Pipe Plant (NMTZ), Interpipe Niko-Tube, Dnepropetrovsk Vtormet and the Dneprostal electric steel-smelting complex under the Interpipe Steel brand .
For the fourth day in a row, the number of people entering Ukraine through its western border significantly exceeds the number of those leaving, the net inflow for these days amounted to 26,000 people and completely blocked the net outflow of 11,000 over the past working week, according to data from the State Border Service on Facebook.
According to them, on Tuesday, June 28, almost 36 thousand people left the country compared to 33 thousand the day before, while 41 thousand arrived in Ukraine against more than 43 thousand on Monday.
Such data is confirmed by the Polish border service. According to her information on Twitter, on June 28, 24.5 thousand entered Ukraine from Poland compared to 32.2 thousand the day before, while in the opposite direction the flow amounted to 21.4 thousand against 20 thousand the day before.
In general, since the beginning of the war, the flow to enter Poland from Ukraine amounted to 4.408 million, and in the opposite direction – 2.452 million.
The State Border Service of Ukraine clarified that the number of registered vehicles with humanitarian cargo has grown to 100-120 per day, while at the same time the number of cars passing through the border on the eve of the cancellation on July 1 of privileges for their import into Ukraine remains fairly stable at 19-20 thousand.
As reported, the flow to enter Ukraine through its western border after May 9 exceeded the flow to exit for 30 days. The total net inflow to Ukraine over these days amounted to about 188 thousand people, which returned the net outflow since the beginning of the war to the level of the end of March.
After that, for almost three weeks, the days when the entry flow exceeded the exit flow alternated with days when, on the contrary, the exit flow was greater than the entry flow, and in total both flows were approximately equal. However, in recent days the number of entrants has again become noticeably larger.
According to UNHCR data, as of June 21, a total of 8.007 million people have left Ukraine since the beginning of the war (excluding the entry flow), of which 4.146 million went to Poland, 1.305 million to Russia, 814.6 thousand to Hungary, and 691 to Romania. .4 thousand, Moldova – 507.6 thousand, Slovakia – 525.6 thousand, Belarus – 16.7 thousand.
At the same time, according to the UN, from February 28 to June 21, 2.837 million people entered Ukraine (excluding data from Hungary, the Russian Federation and Belarus).
Passenger traffic across the western border of Ukraine, thous.
Date from Ukraine incl. to Poland to Ukraine incl. Ukrainians number of humanitarian trucks, pcs.
Jun 28 36 20 41 38 20 120
Jun 27 33 19 43 40 19 100
Jun 26 38 23 46 42 20 96
Jun 25 43 23 46 40 21 94
Jun 24 45 26 44 40 21 90
Jun 23 45 25 40 37 20 90
Jun 22 45 25 40 37 20 103
Jun 21 38 22 36 32 19 117
Jun 20 37 21 39 37 18 100
Jun 19 40 24 40 37 18 101
Jun 18 44 25 43 39 20 153
Jun 17 41 25 40 36 20 110
Jun 16 36 21 38 34 19 125
Jun 15 40 24 37 34 19 151
Data: State Border Service
The Cabinet of Ministers proposes to the National Security and Defense Council to impose five-year sanctions against KVN host Oleksandr Maslyakov, 6 KVN jury members, 19 KVN participants and 7 athletes.
According to Decree No. 535 of June 24, in connection with actions that create real and potential threats to national interests, national security, sovereignty and territorial integrity of Ukraine, in particular, deliberate violation of the established procedure for entering the temporarily occupied territory of Crimea, participation in concerts and other public events in this territory, the government proposes to impose sanctions against 33 Russian cultural, television and sports figures.
In particular, in relation to: presenter Alexander Maslyakov, showman Valdis Pelsh, singer Pelageya Telegina (stage name “Pelageya”), Belarusian humorist Vadim Galygin, athlete Nikita Nagorny, head of cultural projects Sergei Pershin, deputy of the State Duma of Russia (former player in KVN) Sangadzhi Tarbaev, members of various KVN teams Alexey Kriven, Maxim Konyukhov, Denis Shurenko, Konstantin Butusov, Svetlana Malyutkina, Sultan Nugaibekov, Roman Safonov, Aidar Suleymanov, Denis Bondarev, Pavel Korenevsky, Elena Fedotova, Alina Omelyanchuk, Sergey Zharikov, Mikhail Matyukh, Alexey Zhirnov, Alexander Vysotsky, Irina Devochkina, Alexei Murashov, Vladimir Shnitko, as well as a participant in the International Strength Sports Festival took part in the Eurasian Games 2021, athletes Mikhail Shivlyakov, Vyacheslav Maksyuta, Nazar Dolitsky, Yuri Kolmakov, Petr Martinenko, Oksana Kosheleva , Sergei Kharlamov.
In addition, it is proposed to impose sanctions against two Russian companies that provided travel services and organized events in the occupied Crimea.
In particular, we are talking about Kanon Ru LLC and AMIK Television Creative Association LLC.
President of Ukraine Volodymyr Zelensky has met with well-known British businessman Richard Branson, the press service of the President’s Office reports.
“The visit of British businessman Richard Branson to Ukraine is another reminder that the world and famous people continue to support us. We talked about maintaining the world’s attention to the war in Ukraine, as well as the prospects for cooperation in post-war reconstruction. Richard, thank you for the kind words about our people and willingness to help!” – wrote Zelensky in the telegram channel.
Kyiv Mayor Vitaliy Klitschko and Madrid Mayor Jose Luis Martinez-Almeida have signed an agreement on twinning between the two cities, the press service of the Mayor of Kyiv has reported.
“Today, a memorandum of twinning between our cities was signed with the mayor of Madrid, Jose Luis Martinez-Almeida. Madrid became the first Spanish sister city of Kyiv. This is a historic event for our cities and it happened during the historic NATO summit, which is taking place these days in Madrid,” Klitschko said.
He noted that when signing the agreement, several joint projects of Kyiv and Madrid were planned.
“I thank our Western partners, our Spanish partners for supporting Ukraine at this critical time for it. And I am convinced that our cooperation with Madrid will be effective and beneficial for our capitals. Today Madrid accepts refugees from Ukraine, provides humanitarian assistance to Kyiv and Ukraine. We also discussed many projects that we plan to jointly implement in the Ukrainian and Spanish capitals,” Klitschko summed up.
The VEON international telecommunications holding, which is the parent company of the Ukrainian mobile operator Kyivstar, recorded a 10.8% increase in revenue in Ukraine in national currency over the first five months of 2022.
According to a VEON press release published by PRNewswire on June 29, 2022, EBITDA decreased by 0.2% in five months (in local currency).
Kyivstar is the largest Ukrainian telecommunications operator. It provides communication and data transmission services based on a wide range of mobile and fixed technologies, including 4G.
Kyivstar’s shareholder is the international group VEON (formerly VimpelCom Ltd.). The group’s shares are listed on the NASDAQ (New York) stock exchange.
