Metalloinvest Finance Designated Activity Company
Metalloinvest Finance Designated Activity Company: METALLOINVEST ANNOUNCES IFRS FINANCIAL RESULTS FOR Q1 2019
Metalloinvest Finance Designated Activity Company (IRSH) METALLOINVEST ANNOUNCES IFRS FINANCIAL RESULTS FOR Q1 2019 Moscow, Russia – 31 May 2019 – Metalloinvest (‘the Company‘), a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, publishes its IFRS financial results for the first quarter ended 31 March 2019. Management comments Alexey Voronov, Finance Director of Management Company Metalloinvest, commented: “The growth in high value added products sales, favourable market conditions and the implementation of the operational improvement programme allowed Metalloinvest to enhance its financial results in Q1 2019. EBITDA grew by 8.1% compared to Q1 2018 and amounted to USD 730 mn, while EBITDA reached FINANCIAL HIGHLIGHTS
KEY CORPORATE HIGHLIGHTS Operational and commercial highlights
Financing
Full press release is available at http://www.metalloinvest.com/en/investors/financial-results
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For further information, please contact: Artem Lavrischev T: +7 (495) 981-55-55
Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world’s second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers. Metalloinvest is wholly owned by USM Holdings. The main beneficiaries of USM Holdings are Alisher Usmanov (49%) and Vladimir Skoch (30%). |
ISIN: | XS0918297382 |
Category Code: | MSCL |
TIDM: | IRSH |
Sequence No.: | 8902 |
EQS News ID: | 817823 |
End of Announcement | EQS News Service |