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Ferrexpo PLC (FXPO.L)

FXPO.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ferrexpo Says ‍Q1 Total 2018 Pellet Production Of 2,585 Thousand Tonnes​
Thursday, 5 Apr 2018 

April 5 (Reuters) - Ferrexpo PLC ::‍Q1 TOTAL 2018 PELLET PRODUCTION OF 2,585 THOUSAND TONNES (1Q 2017: 2,624 THOUSAND TONNES)​.  Full Article

Ferrexpo Says FY Profit Before Tax Up 95%
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Ferrexpo Plc ::FY REVENUE UP 21% TO US$1.2BN ‍​.FY UNDERLYING EBITDA UP 47% TO US$551M‍​.FY PROFIT BEFORE TAX UP 95% US$450M ‍​.FY DIVIDEND PER SHARE $0.165​.NATIONAL BANK OF UKRAINE EXPECTS 2017 GDP GROWTH OF APPROXIMATELY 2%, IN LINE WITH 2016‍​.BOARD OF FERREXPO BELIEVES UKRAINE IS GRADUALLY MOVING IN THE RIGHT DIRECTION ALTHOUGH CHALLENGES REMAIN.EXPECTS TO BENEFIT FROM HIGHER PELLET PREMIUMS IN 2018, REFLECTING AGREEMENTS WITH CUSTOMERS AND STRONG DEMAND FOR HIGH QUALITY PELLETS​.2018 PRODUCTION VOLUMES TO REFLECT A 65 DAY PELLET LINE SHUTDOWN IN 2Q 2018.1H 2018 PRODUCTION IS EXPECTED TO BE IN LINE WITH 1H 2017.PRODUCTION IN 2H 2018 IS EXPECTED TO BE AHEAD OF 2H 2017.  Full Article

Ferrexpo Says 2017 Pellet Production fell to 10.4 mln tonnes
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Ferrexpo Plc ::‍TOTAL 2017 PELLET PRODUCTION 10.4 MT COMPARED TO 11.2 MT IN 2016 REFLECTING PLANNED PELLETISER MAINTENANCE​.‍4Q 2017 PRODUCTION INCREASED 12% COMPARED TO 3Q 2017​.‍2017 SALES VOLUMES APPROXIMATELY 10.4 MT COMPARED TO 11.7 MT IN 2016 DUE TO PRODUCTION LEVELS​.FULL YEAR AVERAGE 2017 CASH COST OF PRODUCTION WAS APPROXIMATELY US$33 PER TONNE COMPARED TO US$29 PER TONNE IN 2016.‍GROUP'S AVERAGE RECEIVED PRICE IN 2017 INCREASED SIGNIFICANTLY COMPARED TO 2016​.AVAILABLE LIQUIDITY AS OF 31 DECEMBER 2017 WAS CIRCA US$310M COMPARED TO US$145M AS OF 31 DECEMBER 2016.‍NET DEBT AS OF 31 DEC 2017 WAS APPROXIMATELY US$400M COMPARED TO US$589M AS OF 31 DECEMBER 2016.Q4 TOTAL PELLETS PRODUCED OF 2.79 MILLION TONNES VERSUS. 2.49 MILLION TONNES IN Q3.  Full Article

Ferrexpo ‍Announce Special Dividend Of 3.3 US Cents Per Share​
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Ferrexpo Plc ::‍ANNOUNCE A SPECIAL DIVIDEND OF 3.3 US CENTS PER SHARE​.WILL TARGET SPECIAL DIVIDENDS OF ABOUT $40 MILLION PER FY TO BE PAID AT AN APPROPRIATE TIME IN ITS REPORTING CYCLE​.‍CONTINUED TO TRADE "STRONGLY" SINCE IT ANNOUNCED HY RESULTS, ITS CASH FLOWS HAVE FURTHER REDUCED NET DEBT AND FUNDED CAPITAL EXPENDITURE​.  Full Article

Ferrexpo announces secured three year revolving credit facility of $195 mln
Friday, 17 Nov 2017 

Nov 17 (Reuters) - FERREXPO PLC ::‍ANNOUNCE THAT IT HAS SIGNED A NEW SECURED THREE YEAR REVOLVING CREDIT FACILITY OF US$195 MILLION​.‍COMMITTED CREDIT FACILITY WAS ARRANGED BY BNP PARIBAS AND INCLUDES A SYNDICATE OF SIX INTERNATIONAL LENDERS​.‍CREDIT FACILITY WILL AMORTIZE OVER EIGHT QUARTERS WITH FINAL REPAYMENT ON 31 DECEMBER 2020 AND WILL BE USED FOR GENERAL CORPORATE PURPOSES​.  Full Article

Ferrexpo says Q3 ‍total pellets produced of 2.49 mln tonnes
Thursday, 5 Oct 2017 

Oct 5 (Reuters) - FERREXPO PLC ::PRODUCTION FOR 3Q 2017.Q3 ‍TOTAL PELLETS PRODUCED OF 2.49 MILLION TONNES VS 2.54 MILLION TONNES IN Q2.‍LOWER PELLET PRODUCTION IN Q3 REFLECTS GROUP'S ONGOING PELLET LINE MAINTENANCE PROGRAMME​.  Full Article

Ferrexpo HY pellet production falls to 5,160 kt
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Ferrexpo Plc ::H1 REVENUE ROSE 29 PERCENT TO 591 MILLION USD.INTERIM DIVIDEND 0.033 USDPER SHARE."OUTLOOK FOR IRON ORE PRICE REMAINS UNCERTAIN, PELLET PREMIUMS REMAIN SUPPORTED AND WE ARE CONFIDENT OF ACHIEVING A GOOD RESULT FOR YEAR" - CEO.HY TOTAL PELLET PRODUCTION 5,160KT VERSUS 5,723KT.HY REVENUE $591MLN VERSUS $458MLN.C1 CASH COST A (PER TONNE) $31.7MLN VERSUS $25.7MLN.1H 2017 PELLET PRODUCTION 5.2MT (1H 2016: 5.7MT) REFLECTS PLANNED PELLETISER MAINTENANCE.2H 2017 PRODUCTION TO BE MARGINALLY AHEAD OF 1H 2017.C1 CASH COST A US$31.7 PER TONNE (1H 2016: US$25.7 PER TONNE) REFLECTS HIGHER COMMODITY PRICED INPUTS.HIGHER CAPEX A OF US$45 MILLION (1H 2016: US$24 MILLION) REFLECTS IMPROVED FINANCIAL LIQUIDITY.FULL YEAR 2017 CAPEX A LIKELY TO BE APPROXIMATELY US$100 MILLION.EXPECTS DEMAND FOR HIGH QUALITY IRON ORE, ESPECIALLY PELLETS, TO REMAIN STRONG THROUGH 2H 2017.  Full Article

Ferrexpo posts H1 2017 total pellet production 5.1 mln tonnes
Thursday, 6 Jul 2017 

July 6 (Reuters) - Ferrexpo Plc ::Production for 2Q 2017.1H 2017 pellet production of 5,160 thousand tonnes (1H 2016: 5,723 thousand tonnes).Lower pellet production in 1h 2017 versus. 1H 2016 reflected a planned 55 day pellet line refurbishment.H1 2017 total pellet production 5.1 million tonnes versus 5.7 million tonnes year ago.  Full Article

Ferrexpo posts lower Q1 pellet production
Thursday, 6 Apr 2017 

Ferrexpo Plc : Production for 1Q 2017 . Total 1Q 2017 pellet production of 2,624 thousand tonnes (1Q 2016: 2,887 thousand tonnes) .Lower production reflected scheduled pellet line maintenance in Jan, Feb and 55 day pellet line refurbishment which commenced on March 20.  Full Article

Ferrexpo reports higher full-year core earnings
Wednesday, 22 Mar 2017 

Ferrexpo Plc : FY revenue rose 3 percent to $986 million . FY EBITDA rose 20 pct to $375 mln . FY profit before tax up $206 mln to $231 mln (2015: $25 mln) . FY operating profit, excluding foreign exchange gains, up 36 pct to $307 mln (2015 $225 mln) . FY record production of 65 pct fe pellets a to 10.5 mt, approximately 94 pct of total production volumes (2015 65 pct FE pellet production: 10.4 mt) . FY net cash flows from operating activities up 159 pct, or $204m, to $332m (2015: $128m) . Net debt reduced 32 pct to $589m as of 31 December 2016 (31 December 2015: $868m) . FY record sales volumes a increasing 3 pct to 11.7 mt (2015: 11.3 mt) reflecting higher sales to western Europe and north east Asia . FY c1 cash cost of production a reduced 13 pct to $27.7 per tonne, a ten year low (1h 2015: $33.4 per tonne) . Cash balance increased by $110m to $145m as of 31 December 2016 (31 December 2015: $35m) . Final ordinary dividend of 3.3 us cents per share proposed (2015: nil) and special dividend of 3.3 us cents per share (2015: nil) payable on 11 April 2017 . FY average realised pellet premium below 2015 levels, however, have now recovered strongly in 1Q 2017 . Expect group's net debt to EBITDA to improve further during year . Development capex increasing in 2017 to expand concentrate output.  Full Article