News

Interpipe, a global producer of steel pipes and railway products based in Ukraine, released (via Interpipe Holdings Plc) its audited IFRS consolidated financial statements for the period from 1 January to 31 December 2022.
 
FY 2022 Financial Highlights:

• Steel output declined by 39% y-o-y, to 595 thousand tons, pipe production went down by 36% y-o-y, to 393 thousand tons, railway products production shrank by 51% y-o-y, to 84 thousand tons;
• Overall sales contracted by 37% y-o-y, to 524 thousand tons, incl. pipe sales - by 36% y-o-y, to 384 thousand tons, railway products sales - by 50% y-o-y, to 87 thousand tons;
• Revenue slid by 13% y-o-y, to USD 981 million;
• EBITDA contracted by 11% y-o-y, to USD 204 million;
• Net Leverage ratio (Net Debt to adjusted EBITDA) remained at the strong and sustainable level of 1.1.x.

 
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