FERREXPO ab 26.07.10 wieder im Rennen

Bin jetzt auch mal mit drin, ist zwar als long gedacht, hat aber nur die größe eine Rsikoposition bei mir.
Und damit ich was zum beitragen habe hier mal das letzte Trading Update vom 17.Jan 2020

Trading Update and 2019 Pellet Production

https://www.ferrexpo.com/investor-relations/news/...pellet-production

Ferrexpo daily pellet output grows 15% m/m in January

https://concorde.ua/rs/daily/item_75841/

Ukraine?s largest iron ore pellet exporter Ferrexpo (FXPO LN) produced 977 kt of pellets in January, which amounts to 31.5 kt per day, a 15.4% m/m increase, according to our analysis of data reported by Interfax-Ukraine on Feb. 13.

Ferrexpo plans to boost production 9% in 2020 to 11.5 mmt

https://concorde.ua/rs/daily/item_75871/

Ferrexpo (FXPO LN) plans to boost its pellet production volume 9.3% yoy in 2020 to 11.5 mmt
...
Ferrexpo plans to increase its production of pellets with 65% iron content by 9.5% yoy to 11.08 mmt and production of pellets with 62% iron content by 4.2% yoy to 0.42 mmt
...

2019 Full Year Results

https://www.investegate.co.uk/ferrexpo-plc--fxpo-/...03180700075423G/

 Financial Highlights

· Revenue up 18% to US$1.5 billion due to higher iron ore fines prices and an increase in sales volumes

· Underlying EBITDA A   up 17% to US$586 million (2018: US$503 million)

· 62% increase in net cash flows from operations to US$473 million (2018: US$292 million)

· Net debt A   to underlying EBITDA reduced to 0.48 times

· Capital investment A increased 83% to US$247 million (2018: US$:135 million)

...

" Nevertheless, given this general market uncertainty, the Board has deferred its decision on a final ordinary and/or special dividend to an appropriate time when the market situation and the effect of the COVID-19 virus has become clearer. At this point, the Board intends to declare a dividend and will keep the market updated."

BRIEF-Ferrexpo Says Q1 Production Not Impacted By COVID-19 Virus

https://www.reuters.com/article/...ed-by-covid-19-virus-idUSASN00054T

* 1Q 2020 PELLET PRODUCTION UP 7% TO 2.7 MILLION TONNES (1Q 2019: 2.5 MILLION TONNES)

* Q1 PRODUCTION OF 65% FE PELLETS UP 9% TO 2.7 MILLION TONNES (1Q 2019: 2.4 MILLION TONNES)

* 1Q 2020 SALES ARE EXPECTED TO BE AROUND 2.8 MILLION TONNES (1Q 2019: 2.6 MILLION TONNES)

* PRODUCTION IN 1Q 2020 WAS NOT IMPACTED BY COVID-19 VIRUS

2019 Full Year Results Presentation

https://www.ferrexpo.com/system/files/uploads/...-presentation-v2.pdf

Operations
?Production of 65% Fe pellets from own ore up 3%
?65% Fe pellets 96% of total production (2018: 94%)
?Sales volumes up 1%

Market
?All high grade pellets priced off 65% Fe index (or equivalent)
?Pellet premiums lower in 4Q 2020

EBITDA +17%
?17% increase in average received price
?Partially offset by higher C1 & G&A costs
?Non-cash operating forex loss of $47M (2018: $5M 2018)

Net operating cash flow +62%
?Higher working capital
?pellet stocks 1MT

Capital investment  +83%
?Reflects modernisation, concentrator expansion programme to 12MTPA,rail car purchases

Balance sheet
?Net debt to EBTIDA 0.48