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Metinvest posts 36% YOY jump in 9-month revenue

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Metinvest posts 36% YOY jump in 9-month revenue

Metinvest BV's consolidated revenues jumped 36% year over year to US$6.22 billion in the first nine months of the year, driven primarily by higher steel and iron ore sale prices.

The company's adjusted EBITDA soared 39% to US$1.37 billion on a yearly basis, it said Dec. 19.

Metinvest's mining segment posted a 29% year-over-year increase in sales to US$1.14 billion, while metallurgical division's sales grew by 38% to US$5.08 billion in the period.

At the end of September, the company's total debt stood at US$2.91 billion, down 2% from debt levels at the end of 2016, while CapEx in the period jumped 55% year over year to US$308 million.