Trading update for the first nine months of 2018

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04.12.18

Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, published a trading update for the first nine months ended 30 September 2018.

Financial highlights

(US$ mn)	9M 2018	9M 2017	Change
Revenues	9,063	6,222	46%
Adjusted EBITDA	2,015	1,373	47%
margin	22%	22%	0 pp
CAPEX	620	308	>100%

(US$ mn)	30 Sep 2018	31 Dec 2017	Change
Gross debt	2,869	3,017	-5%
Cash and cash equivalents	446	259	72%
Net debt	2.257	2.298	-2%
Net debt/EBITDA	0,8х	1,1х	-0,3х

Read the full release here

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