OREANDA-NEWS. November 11, 2011. Over three quarters of 2011 CENTRAVIS PRODUCTION UKRAINE has been steadily improving its operational performance.

Total CENTRAVIS PRODUCTION UKRAINE output in Q3 2011 amounted to 6,501 tons, 3.8% higher q-o-q. Total finished tubes output in Q3 2011 amounted to 4,077 tons, 4.5% higher q-o-q, while the output of mother tubes[1] amounted by 2.8% to 2,424 tons q-o-q.

CENTRAVIS overall output in 9M 2011 increased by 3,512 tons to 19,164 tons (22% higher y-o-y). Output of finished tubes rose by 2,574 tons (28% higher y-o-y), reaching 11,803 tons. Mother tubes output totaled 7,361 tons, representing a 957 tons (15%) increase as compared to the same period in 2010.

Shipments of finished products in 9M 2011 amounted to 12,055 tons, which is 2,530 tons (27%) higher y-o-y. Sales volumes in 9M 2011 reached USD 154.17 mln, USD 29.77 mln or 24% higher y-o-y.

The share of sales in priority markets of Europe and the CIS accounted for 49% and 43% respectively. 5% of the products were shipped to USA, and 3% - to other markets.

The greatest increase in sales in 9M 2011 occurred in Europe (37% higher y-o-y) and USA (41% higher y-o-y) markets. CENTRAVIS also boosted sales momentum in the CIS (20% higher y-o-y).

With regard to product portfolio, in 9M 2011 two segments with high added value, namely instrumentation and furnace tubes, were almost twofold up. Instrumentation tubes sales rose by 114% to 1,134 tons, and furnace tubes sales amounted by 175% to 323 tons. In 9M 2011 the Company also sustained its sales momentum in heat exchange tubes to 1,488 tons (45% higher y-o-y), and in hollow bars segment, which amounted to 1,594 tons (43% higher y-o-y).

Yuriy Atanasov, CEO of CENTRAVIS PRODUCTION UKRAINE PJSC noted: "CENTRAVIS operating results is proof that we have chosen the appropriate strategy to develop in the segments with high added value. In our outlook for the fourth quarter, we expect that the Company will continue rising on the key operational indicators to reach the pre-crisis level in terms of production and shipments of products".

9M 2011 Key Operational Indicators:

Overall output amounted to 19,164 tons, 22% higher y-o-y. Finished tubes output increased by 28% to 11,803 tons y-o-y, while mother tubes output totaled 7,361 tons, 15% higher y-o-y.

Finished products shipment reached 12,055 tons, 27% higher y-o-y.

Overall sales volumes rose to USD 154.17 mln, 24% higher y-o-y.