Ferrexpo PLC Production for 1Q 2020 (9645I)

TIDMFXPO

RNS Number : 9645I

Ferrexpo PLC

07 April 2020

7 April 2020

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Production for 1Q 2020

Summary:

   --   1Q 2020 pellet production up 7% to 2.7 million tonnes (1Q 2019: 2.5 million tonnes) 
   --   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 the COVID-19 virus. Ferrexpo continues to take active measures to help protect our workforce and local communities against the spread of the virus.

 
 Production in Tonnes 
  '000                     1Q 2020    4Q 2019    Change     YTD        YTD      Change 
========================  =========  ========= 
                                                   %        2020       2019       % 
========================  =========  =========  =======  =========  =========  ======= 
 Pellet production 
  from own ore 
  -62% Fe pellets             73.33      91.84    -20.2      73.33     107.50    -31.8 
  -65% Fe pellets          2,652.00   2,535.72      4.6   2,652.00   2,431.20      9.1 
 Total Group production    2,725.33   2,627.56      3.7   2,725.33   2,538.70      7.4 
                          ---------  ---------  -------  ---------  ---------

Note: there was no pellet production from third party concentrate in 2019 or 1Q 2020

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 over 40 years. In 2019, the Group produced 10.5 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%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange. 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 rns@lseg.com or visit www.rns.com.

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April 07, 2020 02:00 ET (06:00 GMT)

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