Financial and Operational Results
|Steel production||thousand tons||617||850||973||855||758||972|
|Railway product production||thousand tons||112||175||187||208||190||172|
|Pipe production||thousand tons||445||587||677||587||464||615|
|Revenue||million US dollars||507||806||1,074||1,122||865||1,133|
|EBITDA*||million US dollars||46||120||158||259||273||228|
|Capex**||million US dollars||38||43||44||60||44||63|
|Free cash flow***||million US dollars||8||41||66||133||121||-2|
* - EBITDA is calculated as operating profit or (loss) plus depreciation and amortisation charge, plus impairment of property, plant, equipment and intangible asset, plus loss / (gain) on disposal of property, plant and equipment, plus foreign exchange cash flow hedges effect, plus extraordinary losses / (gains) and plus operating foreign exchange gain/(loss).
** - Capex figure represents line Purchases of property, plant and equipment and intangible assets as part of net cash flow from investing activities.
*** - Free Cash Flow is calculated as net cash flow from operating activities less net cash flow from investing activities (excluding non-recurring items).