OREANDA-NEWS. December 22, 2010. Metinvest takes the first place in “TOP-100. Ukrainian Business Leaders” rating, organized by Ekonomica publishing house and is recognized as the best Ukrainian Company in terms of net income in 2009.

Financial highlights for 2009:

Revenue:                 USD 6,026 mln.

Gross profit:              USD 1,661 mln. (margin 27.6%)

Adjusted EBITDA:   USD 1,449 mln. (margin 24.0%)

Net profit:                  USD 334 (margin 5.5%)

Financial highlights for the 1H 2010:

Revenue:                 USD 4,187 mln. (plus 49% y-o-y)

Gross profit:              USD 1,399 mln.

Adjusted EBITDA:   USD 1,193 mln. (plus 119% y-o-y, margin 29%)

Net income:             USD 524 mln.

In 2009 year end the sum of taxes paid amounted UAH 6.457 bln., and as of 9 months of 2010 — UAH 6.3301 bln. (plus 49% y-o-y). Metinvest is the major taxpayer in Ukraine by gross amount of taxes paid. 

Metinvest’s strategy envisages professional and efficient management of available resources providing as well for acceleration of key financial parameters growth, being the basis for the Company capitalization. Such approach allows forecasting the sustainable development and delivering all commitments before the investors, partners, state and the community.

"We care not only for profitability and efficiency as indicators of our transparency, but also for social responsibility – amount and quality of taxes paid, salary growth dynamics, new projects implementation. We appreciate that the model we chose to build a transparent and socially responsible business is well perceived in the society", — noted Igor Syry, the CEO of METINVEST HOLDING, LLC.

1 – according to the Ukrainian accounting standards

Editors’ notes:

"TOP-100" project is the most prestigious rating in Ukraine evaluating effectiveness of the management and leading companies of Ukrainian business. The journal was established in 1995, and during 15 years of "TOP-100" it has been recognized by the business circles by presenting independent and professionally prepared ratings and analytics. "TOP-100" is the team of professional journalists and editors, reputable experts of the leading markets and industries. Every year the award ceremony becomes a national event in economic life of the country and attracts intensive mass media attention.

Metinvest is an international vertically integrated mining and metallurgical group of companies, Production facilities of Metinvest Group enterprises allow both to satisfy own demand for raw materials, liquid steel and semi-finished products and to be key supplier for major Ukrainian and European companies as well as Asian companies, The shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%) that take part in management of Metinvest Group on partnership basis.

Metinvest Holding is the managing company of Metinvest Group.