Metinvest sees 39% rise in EBITDA in Jan-Sept
Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metal group, increased consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) by 39% in January-September 2017 year-over-year, to $1.373 billion.
According to a trading update published by the company, its revenue grew by 36%, to $6.222 billion, capital investment – by 55%, to $308 million and margin did not change, being 22%.
Metinvest said that since early 2017 the company managed to reduce total debt by 2%, to $2.909 billion, boosting cash and cash equivalents by 30%, to $293 million.
Metinvest Group's principal shareholders are System Capital Management with 71.24% and Smart-Holding with 23.76%.