We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ferrexpo Plc | LSE:FXPO | London | Ordinary Share | GB00B1XH2C03 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.20 | -2.30% | 51.00 | 51.30 | 51.80 | 55.00 | 51.30 | 53.30 | 1,950,068 | 16:35:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 1.25B | 220M | 0.3678 | 1.40 | 308.64M |
TIDMFXPO
RNS Number : 3200L
Ferrexpo PLC
12 January 2021
12 January 2021
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Trading Update and Production Report for 4Q 2020
Summary:
-- Total iron ore pellet production rises 22% quarter on quarter to 3.1MT in 4Q 2020, following the successful ramp up of the Group's concentrator expansion project.
-- Total full year production of iron ore pellets of 11.2MT in 2020, representing an increase of 7% on 2019.
-- Production of high quality 65% Fe and 67% Fe pellets represented 99% of total pellet production in 2020 (2019: 96%).
-- Total full year sales volume of 12.1MT in 2020, up 18% on 2019.
-- COVID-19 update: Ferrexpo's operations and logistics continued to operate with minimal impact during 4Q 2020.
-- Group net cash position as at year end of approximately US$4M, following strong financial and operational performance in 2020. (Net debt position as of 31 December 2019: US$282M). The Group's cash balance as of 31 December 2020 was approximately US$270M (31 December 2019: US$131M).
(000' tonnes, unless stated Product otherwise) Grade 4Q 2020 3Q 2020 % Change FY 2020 FY 2019 % Change ------------ ------- ------- -------- ------- ------- Total pellet production 3,084 2,537 +22% 11,218 10,519 +7% ------------------------------------------------------ ------- ------- -------- ------- ------- -------- Production comprised of: o Direct Reduction ("DR") Pellets 67% Fe 153 - +100% 339 - +100% o Ferrexpo Premium Pellets 65% Fe 2,931 2,537 +16% 10,780 10,116 +8% o Ferrexpo Basic Pellets 62% Fe - - - 98 403 -76% ---------------------------------------- ------------ ------- ------- -------- ------- ------- --------
Note: all production shown in table above from own ore; no production from third party materials.
For further information, please contact:
Ferrexpo: +44 207 389 Rob Simmons r.simmons@ferrexpo.ch 8305 Maitland/AMO: +44 207 379 James Isola jisola@maitland.co.uk 5151
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2020, the Group produced 11.2 million tonnes of iron ore pellets, a 7% increase on the prior year. The Company is ranked as the world's 3rd largest exporter of pellets to the global steel industry with a market share of approximately 9%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTUAVARAWUAAUR
(END) Dow Jones Newswires
January 12, 2021 02:00 ET (07:00 GMT)
1 Year Ferrexpo Chart |
1 Month Ferrexpo Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions