FXPO Ferrexpo Plc

TIDMFXPO

RNS Number : 1786S

Ferrexpo PLC

07 July 2020

Ferrexpo plc

Production report for 2Q 2020

7 July 2020

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company") Production report for 2Q 2020

Summary:

-- COVID-19 update: The Company's facilities continue to operate with minimal impact on operations to date, and the Company continues to closely monitor its workforce. The infection rate in the local communities surrounding the Company's operations remains low.

-- The Company has maintained its good safety performance indicators into 2020, with no fatalities in 1H 2020 and the Group lost time injury frequency rate continues to remain below 1.0x.

   --    2Q 2020 pellet production up 5% to 2.9MT (1Q 2020: 2.7MT). 
   --    1H 2020 pellet production up 5% to 5.6MT (1H 2019: 5.4MT). 
   --    1H 2020 sales volumes increased by c.21% to 6.1MT (1H 2019: 5.0MT), reflecting de-stocking. 
 
 000' tonnes                    2Q 2020    1Q 2020     Change   YTD 2020   YTD 2019     Change 
                              =========  =========             =========  ========= 
                                                        %                          % 
                              =========  =========  =========  =========  ========= ======== 
 Pellet production from own 
  ore                           2,872.6    2,725.3       +5.4    5,597.9    5,352.5       +4.6 
   - 62% Fe pellets                24.7       73.3      -66.3       98.0      215.0      -54.4 
   - 65% Fe pellets             2,847.9    2,652.0       +7.4    5,499.9    5,137.5       +7.1 
----------------------------  ---------  ---------  ---------  ---------  ---------  --------- 
 

Note: no pellet production from third party materials in 2019 or 1H 2020.

For further information, please contact:

 
   Ferrexpo: 
   Rob Simmons   +44 207 389 8305 
   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 3(rd) 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 under the ticker FXPO. 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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