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TMK Russian Division Q1 result Update

Steel News - Published on Wed, 22 May 2019

Image Source: Brandirectory
Higher sales and better pricing drove revenue growth at the Russian division. However, the increase in revenue was fully offset by a negative impact of currency translation. Adjusted EBITDA increased as a result of a corresponding increase in gross profit. Adjusted EBITDA margin increased 2 pp YoY to 16%. Revenue at the Russian division grew QoQ, driven by better pricing and higher sales of large diameter pipe.

Adjusted EBITDA increased QoQ, supported by a better sales mix in the seamless segment and lower raw material prices. As a result, Adjusted EBITDA margin was up 1 PP.

Source :

Posted By : Rabi Wangkhem on Wed, 22 May 2019
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