News
Metinvest B.V., the parent company of a vertically integrated group
Metinvest B.V., the parent company of a vertically integrated group of mining and metallurgical companies (hereinafter - Metinvest or the Group), announced the operating results for the first quarter ended March 31, 2019.
Key features:
1Qr. 2019 4 Qr. 2018 Tones,thsd % 1 Qr. 2019 1 Qr. 2018 Tones,thsd %
Steel 1 941 1 725 216 13% 1 941 1 825 116 6%
Iron-ore
concentrate 7 204 6 813 391 6% 7 204 6 924 280 4%
(general)
Coal
concentrate (general) 674 709 -35 -5% 674 633 41 6%
The METINVEST Group is a vertically integrated group of mining and metallurgical companies that manages each link in the supply chain from mining to processing ore and coal, as well as producing and selling semi-finished and finished steel products. The structure of the Group includes mining and metallurgical enterprises located in Ukraine, Europe and the USA, as well as a sales network covering all key global markets. For the purpose of preparing financial statements, the Group's business is divided into 2 segments - Metallurgical and Mining. The Group’s strategic vision is to become the leading European vertically integrated steel producer, ensuring, despite the cyclical nature of the markets, steady growth and profitability, as well as investment returns above industry standards. For the 12 months ended December 31, 2018, the Group's revenue was US $ 11.9 billion, and EBITDA margin was 21%.