Sales of metal rolling on Metinvest increased by 20 percent in tons per year and 0 percent in money

Today, the maternal company of the largest vertically integrated mining and metallurgical group of companies Metinvest Metinvest B.V. (hereinafter Metinvest) published a brief report on preliminary financial results for the first quarter of 2013. According to the submitted data, the revenue for the metal supply in the first quarter of this year remained at the level of the first quarter of 2012, and the volume of sales of metal products increased by 21 percent to 3 million 790 thousand tons or 2 billion $ 273 million.

The increase in sales volumes arose due to the resale of metal products of the Zaporozhstal plant, which amounted to $ 647 thousand in the reporting period of $ 374 million.

At the same time, the consolidated revenue of metinvest decreased in the first quarter of 2013 in an annual comparison by 3 percent and amounted to 3 billion 134 million US dollars.

"Consolidated revenue was reduced mainly as a result of a decrease in sales of coal products in the mining division by $ 98 million. The metallurgical division accounted for 73 percent of foreign sales (1 sq. 2012: 70 percent), for the mining division - 27 percent (1 sq. 2012: 30 percent)," the comments said to a short report.

The total amount of loans and loans amounted to 3 billion 738 million dollars compared with 3 billion 556 million in the first quarter of 2012. At the same time, long -term loans were at 2 billion 457 million (in the first quarter of 2012: 2 billion 563 million), short -term debt - 1 billion 281 million dollars (in the first quarter of 2012: 993 million).

The debt on Seller’s Notes amounted to $ 246 million, funds and their equivalents amounted to $ 370 million (in the first quarter of 2012: 319 and 401 million, respectively).