trending Market Intelligence /marketintelligence/en/news-insights/trending/zAPNihf45_mIjHLceDkqeA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ukrainian steelmaker Metinvest sees 9-month adjusted EBITDA plunge 39% YOY

COVID-19 Mining Impacts — Mining Projects With At-Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Ukrainian steelmaker Metinvest sees 9-month adjusted EBITDA plunge 39% YOY

Ukrainian steelmaker Metinvest BV's adjusted EBITDA for the first nine months of 2019 plummeted 39% year over year to US$1.23 billion from US$2.02 billion as lower average steel prices weighed on its metallurgical segment.

Total revenue from the company's mining and metallurgical segments amounted to US$8.49 billion, according to a Dec. 17 trading update, down 6% year over year following a 46% surge in the same period of 2018.

Costs rose in the metallurgical segment as revenue fell 11% to US$6.86 billion, reducing its EBITDA to just US$41.0 million from US$1.13 billion in the first nine months of 2018. Metinvest attributed the result to higher spending on raw materials, logistics and personnel costs, as well as a 2.2% appreciation of the Ukrainian hryvnia against the U.S. dollar year over year.

As a result, the metallurgical segment's share of EBITDA contracted to 3% from 54% in 2018.

In contrast, the mining segment's EBITDA rose 29% year over year to US$1.22 billion as its top line grew 21% to US$1.64 billion on higher sales volumes and iron ore product prices.

Capital expenditure rose 24% during the period to US$770 million, with the mining segment accounting for 49% of total investments, up from 36% in the same period of 2018.

Metinvest's total debt was US$2.66 billion as of Sept. 30, down 3% from US$2.74 billion as of Dec. 31, 2018.