Ferrexpo PLC — Earnings Release 2014

Jan 6, 2015

National Storage Mechanism | Additional information

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RNS Number : 3712B

Ferrexpo PLC

06 January 2015

6 January 2015

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Production for 4Q 2014

Summary:

·   Record production of 11.0mt of pellets in 2014, up 2% (2013: 10.8mt)

·   5.8mt of 65% Fe pellets produced in 2014, comprising 53% of total production (2013: 5.0mt or 46% of production)

·   144kt of pellet production lost due to electricity shortfall in December 2014

Production in Tonnes '000			4Q 2014	3Q  2014	Change	FY	FY	Change
%	2014	2013	%
Pellets from FPM Ore			1,609.94	1,993.51	(19.2)	7,262.41	8,398.37	(13.5)
	62% Fe		233.61	537.71	(56.6)	2,765.29	4,418.55	(37.4)
	65% Fe		1,376.33	1,455.80	(5.5)	4,497.12	3,979.82	13.0
Pellets from FYM ore			1,007.75	846.37	19.1	3,408.04	2,067.23	64.9
	62% Fe		766.37	846.37	(9.5)	2,360.67	1,322.07	78.6
	65% Fe		241.38	0.00		1,047.37	745.16	40.6
Pellet production from own ore			2,617.69	2,839.88	(7.8)	10,670.45	10,465.61	2.0
	62% Fe		999.98	1,384.08	(27.8)	5,125.96	5,740.62	(10.7)
	65% Fe		1,617.71	1,455.80	11.1	5,544.49	4,724.98	17.3
Pellets from third party materials			145.21	49.92	190.9	350.86	347.49	1.0
	62% Fe		42.22	49.92	(15.4)	92.14	84.48	9.1
	65% Fe		102.99	0.00		258.71	263.02	(1.6)
Total pellet production			2,762.90	2,889.80	(4.4)	11,021.30	10,813.10	1.9
	62% Fe		1,042.20	1,434.00	(27.3)	5,218.10	5,825.10	(10.4)
	65% Fe		1,720.70	1,455.80	18.2	5,803.20	4,988.00	16.3

For further information contact:

Ferrexpo:
Ingrid McMahon	+44 207 389 8304
Maitland:
Peter Ogden	+44 207 379 5151
Liz Morley

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 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is the 5th largest supplier of pellets to the global steel industry and the largest producer and exporter of pellets from the Former Soviet Union. In 2014, it produced 11 million tonnes of pellets, a 2% increase compared to 2013 and a record for the Company. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed 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 company news service from the London Stock Exchange

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