Metinvest posts 21% rise in EBITDA in nine months

16:39, 09.12.2016 1 min read

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.