The revenue of Metinvest B.V. (the Netherlands), the parent company of Metinvest mining and smelting group, in February 2020 increased by 4.8%, or $39 million, compared to the previous month, to $860 million from $821 million.
According to the company’s preliminary unaudited consolidated monthly financial statements, EBITDA for February totaled $129 million, which is $56 million more than in January ($73 million), while EBITDA from participation in the joint venture was $10 million (in January $7 million).
According to the report, the adjusted EBITDA of the group’s metallurgical division for February 2020 amounted to $46 million (in January $12 million), including minus $10 million from participation in the joint venture (minus $8 million), the EBITDA of the mining division is $102 million (in January $75 million), including $20 million ($15 million) from the joint venture. The management company’s expenses amounted to $7 million ($6 million).
Total revenue in February consisted of $682 million in sales of the metal division ($681 million in January), mining $248 million ($234 million), and intra-group sales of $70 million ($94 million).
The total debt of the company in February increased by $65 million compared with January, to $3.092 billion from $3.027 billion. At the same time, cash flow decreased by $38 million, to $253 million from $291 million.
The funds used in investment activities amounted to $74 million, in financing activities $71 million.
Ukraine in January 2020 increased revenue from electricity exports by 36.4% (by $11.204 million) compared to the same period in 2019, to $41.957 million.
According to the State Customs Service, last year electricity was supplied to Hungary for $22.676 million, Poland for $8.538 million, Romania for $7.692 million, and other countries for $3.051 million.
In addition, in January 2020, Ukraine imported electricity for $25.96 million, in particular for $12.713 million from Hungary, $7.919 million from Slovakia, $2.829 million from Belarus, and $2.499 million from other countries.
Metinvest B.V. (the Netherlands), the parent company of Metinvest mining and metallurgical group, in January-June of this year reduced international sales by 7% compared to the same period last year, to $4.190 billion, providing 72% of consolidated revenue. According to preliminary unaudited interim financial results for the first half of 2019, sales in Ukraine fell by 3% during the reporting period, to $1.628 billion as a result of lower prices and sales of flat products amid a weaker demand from pipe producers, as well as lower coke sales volumes due to reduced production volumes. As a result, the share of Ukraine in consolidated revenue increased by 1 percentage point, to 28%.
The report notes that in the first half of 2019, sales to Europe fell by 2%, mainly due to lower prices for the sale of steel products. At the same time, the region’s share in consolidated revenue grew by 1 p.p., to 35%. Sales to the countries of the Middle East and North Africa were down by 22% against the background of a decrease in sales of semi-finished products and flat products, as well as lower sales prices for these goods. As a result, the region’s share in consolidated revenue decreased by 4 percentage points, to 17%.
Sales in the CIS countries fell by 6% due to lower sales prices and sales volumes of long products, while the region’s share in consolidated revenue remained at 7%. Sales in Southeast Asia grew by 66% due to growth in sales volumes of slabs, square billets and iron ore products. As a result, the share of this market in consolidated revenue increased by 3 p.p., to 7%.
The Vodafone Ukraine mobile communications in April-June 2019 saw UAH 3.8 billion in revenue, which is 20.7% more than a year ago.
According to the financial report of the operator, its net profit for the period remained at the level of 2018 and amounted to UAH 511 million.
Operating Income Before Depreciation and Amortization (OIBDA) increased 13.8% and reached UAH 2 billion, OIBDA margin amounted to 51.7% (54.9% in the second quarter of 2018).
“The main reason for Vodafone’s revenue growth was the increase in the number of data users and the consumption of data services. The traffic volumes are growing due to the activity of 4G users: for example, the 4G client Vodafone used 7.7 gigabytes of traffic per month on average. This is twice as much than 3G clients use. The total volume of Internet traffic in the Vodafone network has doubled over the year,” the operator said in the report.
At the same time, the company said that according to the results of April-June, Vodafone Ukraine had the lowest ARPU (average revenue per user per month) in the market – UAH 61.
Income from trading activities in the second quarter increased thanks to the expansion of own retail. “Today Vodafone Retail is one of the largest retailers in the country. The company’s trading network today has about 240 own stores. Vodafone stores offer only certified products: smartphones, various gadgets, wearable electronics, routers, accessories. You can also connect any Vodafone services in the stores and get qualified advice from the company’s experts,” the company said in the press release devoted to the financial statements of the company.
In addition, according to the results of April-June, the number of Ukrainian settlements covered by 4G increased four times. Today, Vodafone network is available to 62% of Ukrainians and covers more than 4,000 settlements.
According to the results of the second quarter, the number of Vodafone Ukraine customers amounted to 19.6 million, while according to the results of the second quarter of last year, the operator had 20.3 million customers in Ukraine.
“Among the growth factors, launch of mobile number portability service in Ukraine can be noted. In May-June, 3,657 customers used the service to go to the Vodafone network with their number,” the company said.
Revenue of the general fund of local budgets in January-June 2019 amounted to UAH 128.8 billion, excluding intergovernmental transfers, which was 19.6% higher than last year’s figures for the period, Ukraine’s Finance Ministry has said in a macroeconomic review for the first half of the current year. “The general fund of the local budgets excluding intergovernmental transfers received UAH 128.8 billion, which is 19.6% more than last year due to higher wages and business invigoration,” the Finance Ministry said.
As the State Treasury Service said, the local budgets in the first half of this year received UAH 283.58 billion in revenue. This includes UAH 264.95 billion (inclusive of intergovernmental transfers) sent to the general fund. Spending of the local budgets for this period amounted to UAH 261.48 billion, including UAH 225.75 billion taken from the general fund.
Among tax revenues, the largest growth in revenue transferred to the local budgets showed actual real estate tax payments, which grew by 32% compared to last year’s figure, up to UAH 2.108 billion.
The balance of the local budgets on deposit accounts at banks at the beginning of July amounted to UAH 7.6 billion, the review said. Funds from the general fund of the local budgets on deposit accounts shrank to UAH 3.4 billion, compared to UAH 8.6 billion in the first half of 2018, because the Cabinet of Ministers banned depositing assets of the general fund at banks this year.
Revenue of Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, fell by 7.5% or by $77 million in April compared with the previous month, to $954 million from $1.031 billion.
According to the preliminary unaudited consolidated monthly financial statements of the company, published on Thursday, earnings before interest, taxes, depreciation and amortization (EBITDA) in April was $173 million, which is 6% ($11 million) more than in March of the current year ($184 million).
According to the report, the adjusted EBITDA of the metallurgical division of the group in April 2019 was $53 million ($46 million in March), including $1 million from participation in the joint venture (minus $2 million). The mining division’s EBITDA is $151 million ($148 million in March), including from the joint venture – $28 million ($19 million). The expenses of the management company were $2 million ($8 million).
Total revenue in April 2019 consisted of the sales of the metallurgical division in the amount of $791 million ($844 million in March), mining – $305 million ($340 million), and intra-group sales – $142 ($152 million).
The total debt of the company in April increased $72 million compared to March, to $2.754 billion from $2.828 billion. At the same time, cash and its equivalents increased by $113 million, to $331 million from $218 million.
