Ferrexpo PLC 2020 Interim Dividend Declaration (8878P)
15 Juni 2020 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 8878P
Ferrexpo PLC
15 June 2020
15 June 2020
FERREXPO PLC
("Ferrexpo", "the Company" or the "Group")
Ferrexpo 2020 Interim Dividend Declaration
The board of directors are pleased to announce an interim 2020
dividend of 6.6 US cents, payable on 3 July 2020 to shareholders on
the register as of 19 June 2020.
The Group continues to perform strongly. Pellet production as of
31 May 2020 was up 6% compared to the first five months of 2019.
Our operating subsidiaries have taken precautions to protect our
workforce and local communities against the COVID-19 virus and, to
date, there has been no adverse impact on operations.
As of 31 May 2020, sales volumes had increased by approximately
21% compared to the same period in 2019. Higher sales have been
driven by a strong production performance, de-stocking and the
Group's ability to offset weaker demand in Europe through increased
sales to Asia. The iron ore fines price has remained resilient year
to date while lower freight rates and production costs have
compensated for weaker pellet premiums.
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
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contact rns@lseg.com or visit www.rns.com.
END
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