Interpipe cut revenues by 8.1% in Q1

In Q1 2020, Interpipe decreased revenues by 8.1% to $251 million compared to the same period of the previous year,

according to Interfax-Ukraine.

The Company’s EBITDA increased by 26% to $86 million in Q1 compared to January–March 2019. Its capital investment in the same period increased by 22% to $11 million.

Cash balance at the end of Q1 reduced by almost 50% to $133 million compared to the previous quarter.

The Company’s net debt in January–March amounted to $88 million against $82 million at the end of 2019, and its gross debt reached $221 million ($338 million).

Interpipe is a Ukrainian industrial producer of seamless pipes and railway wheels. The Company’s products are marketed in more than 80 countries all around the world via the network of sales offices located in key markets of Ukraine, the Middle East, North America and Europe. The Company employs 12 thousand people.

In 2019, Interpipe increased its revenues by 4% to $1.112 billion compared to the same period of 2018. The Company’s EBITDA increased by 64% to $259 million. Its capital investments grew by 37% to $60 million.