VSMPO-AVISMA has its total debt reduced to 1.5 billion dollars
28.08.2020 — News
Over the first half of 2020, the VSMPO-AVISMA Corporation, PJSC, shipped 3,937.8 tons of titanium products to Russia and CIS countries. The exports totaled 10,458.3 tons of products. The overall reduction in the sales was 14% as compared with the first half of 2019. The reduction was caused by a drop in orders from aircraft manufacturers during the COVID-19 pandemic.
As UralInformBureau has been informed by the Press Center of the VSMPO-AVISMA Corporation, the revenue in January - June amounted to 678.4 million dollars (-17%). EBITDA – 249.9 million dollars (-18%). The net profit went down to 82 thousand dollars.
By the end of June, VSMPO-AVISMA’s total debt decreased to 1.556 billion dollars.
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