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Ferrexpo PLC — Earnings Release 2018
Oct 9, 2018
5218_rns_2018-10-09_8b7e54bd-7b75-40b3-bf9a-d659dae268c3.html
Earnings Release
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National Storage Mechanism | Additional information
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RNS Number : 3324D
Ferrexpo PLC
09 October 2018
9 October 2018
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Production for 3Q 2018
Summary:
· 3Q 2018 total pellet production up 6% compared to 2Q 2018
· Higher production reflects successful completion of pellet line refurbishment in 2Q 2018
· 9M 2018 total pellet production up 1.3% compared to 9M 2017
| 000' tonnes | 3Q 2018 | 2Q 2018 | Change | YTD 2018 | YTD 2017 | Change | |
| % | % | ||||||
| Pellet production from own ore | 2,659.85 | 2,511.01 | 5.9 | 7,741.57 | 7,631.26 | 1.4 | |
| - 62% Fe pellets | 167.44 | 167.23 | 0.1 | 484.57 | 414.50 | 16.9 | |
| - 65% Fe pellets | 2,492.41 | 2,343.78 | 6.3 | 7,257.00 | 7,216.76 | 0.6 | |
| Production from third party materials | 0.00 | 0.00 | 14.50 | 21.55 | -32.7 | ||
| - 62% Fe pellets | 0.00 | 0.00 | 0.00 | 0.00 | |||
| - 65% Fe pellets | 0.00 | 0.00 | 14.50 | 21.55 | -32.7 | ||
| Total Pellets Produced | 2,659.85 | 2,511.01 | 5.9 | 7,756.06 | 7,652.80 | 1.3 | |
| - 62% Fe pellets | 167.44 | 167.23 | 0.1 | 484.57 | 414.50 | 16.9 | |
| - 65% Fe pellets | 2,492.41 | 2,343.78 | 6.3 | 7,271.49 | 7,238.30 | 0.5 |
For further information contact:
| Ferrexpo: | |
| Ingrid McMahon | +44 207 389 8304 |
| Maitland: | |
| James Isola | +44 207 379 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 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2017, the Group produced 10.4 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8.5%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey and Vietnam. 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 [email protected] or visit www.rns.com.
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