July 25, 2016 10:39 PM ET

Metals and Mining

Company Overview of Metinvest Holding, LLC

Company Overview

Metinvest Holding, LLC, through its subsidiaries, operates an integrated mining and steel company. The company produces iron ore raw materials; coke and coal products; and semi-finished and finished steel products, including slabs, billets, rolled products and pipes, carbon steel plates, hot-rolled coils, shapes and bars, rails, grinding balls, rails fasteners, large diameter pipes, and other value-added products. It also offers cargo transportation services that range from railway carriage to port operations; and customs clearance, cargo expediting, freight quantity control, laboratory tests, chartering of seaborne vessels, and ship's agency services. In addition, the company provides flux ...

117, Postysheva str

Donetsk,  83001

Ukraine

Founded in 2006

Phone:

380 62 388 1616

Fax:

380 62 388 1600

Key Executives for Metinvest Holding, LLC

Chief Executive Officer
Age: 40
Chief Financial Officer
Chief Information Officer
Chief Legal Officer
Director of Human Resources
Age: 45
Compensation as of Fiscal Year 2016.

Metinvest Holding, LLC Key Developments

Metinvest Group Announces Consolidated Earnings Results for the First Quarter Ended March 2016

Metinvest Group announced consolidated earnings results for the first quarter ended March 2016. In January-March, under preliminary data the company cut EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) by 65.4% or USD 223 million year over year to USD 118 million. The company's consolidated revenues decreased by 29% or USD 534 million year over year to USD 1,287 million. This was primarily due to a fall in sales of flat (USD 274 million), semi-finished (USD 98 million), iron ore (USD 94 million), coke and chemical (USD 27 million) and tubular (USD 25 million) products. As of March 31, 2016, net debt of the Group increased by 2% year over year to USD 2.721 billion.

Metinvest Group Reports Earnings Results for the Year 2015

Metinvest Group reported earnings results for the year 2015. Metinvest Group posted a loss of USD 1.003 billion for 2015 under International Financial Reporting Standards compared to USD 159 million profit posted in the year 2104. In 2015, Metinvest's revenue fell 35.3% or USD 3,733 million to USD 6,832 million year over year.

Metinvest Group Reports Production Results for the First Quarter Ended March 2016

In January-March 2016 over October-December 2015, the Metinvest Group boosted the production of steel by 16.7% or 286,000 tons to 1,998,000 tons. In compliance with the information posted on the official website of the enterprise, the production of steel in January-March 2016 increased by 17% as against the previous quarter to 1,998 tons as a result of pig iron production boost and decrease in production of marketable pig iron. In 2015, Metinvest cut the production of pig iron by 12.62% or 1,163,000 tons to 8,050,000 tons.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 9, 2015
Dneprodzerzhinsk Coke Plant
 

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