Ukrainian mining and steel producing group Metinvest has announced its results for 2013.
Accordingly, in 2013 Metinvest's consolidated revenues totalled $12.807 million, up two percent compared with $12.569 million in 2012, mainly driven by steel and iron ore sales volumes. The metallurgical division accounted for 76 percent of external sales (74 percent in 2012) and the mining division for 24 percent (26 percent in 2012).
The company's adjusted EBITDA in 2013 amounted to $2.291 million, up 15 percent year on year, with an EBITDA margin of 18 percent.
Source:
http://www.steelorbis.com/steel-news/latest-news/metinvest-sees-increased-revenues-in-2013-818724.htm
