30
Jun
12:46
Interpipe production decreases, revenue surges in first quarter
Ukrainian pipe and railway products manufacturer Interpipe decreased production in the first quarter due to the ongoing Russian invasion of Ukraine.
The company reduced steel production by 16% on-year to 163,000 tonnes, Kallanish notes. Pipe output declined by 12% to 97,000t and railway products by 43% to 23,000t. Product sales in Q1 fell by 10% to 140,000t.
Interpipe nevertheless saw revenue increase in Q1 by 19% on-year to $239 million. However, Ebitda dec…
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