Informe de producción del 4T 2023
11 de enero de 2024
ferrexpo plc
("Ferrexpo" o la "Compañía" o el "Grupo")
Informe de producción del 4T 2023
Ferrexpo plc (LSE:FXPO), producer of premium iron ore pellets for the transition to lower carbon and green steel, is pleased to report production results for the fourth quarter and full year to the end of December 2023 ("the quarter" or "4Q" or "4Q 2023" and "FY2023").
Al comentar los resultados, Lucio Genovese, presidente ejecutivo interino, dijo: "Throughout the year I have maintained that it is the resilience and commitment of our workforce that has ensured our assets remain operational. Once again, due to their steadfast determination that today we are reporting fourth quarter iron ore production of 677 thousand tonnes, and a total 4.1 million tonnes for the year.
Even with winter setting in, we have been able to operate one, sometimes two, of our four pellet lines, to match the reduced export capacity available to us, and continue supplying premium products to our premium customers. Because our business is adaptive to change, during the quarter we were able to alter our production mix to match our customers' needs and produce high grade pellets as well as pellet feed, whilst also treating material from a third party. In view of the hugely challenging situation that we faced during the past year, I believe that this is an exceptional performance and I am proud of our collective achievements.
Reflecting back on 2023, it is with great sadness that 14 of our employees serving in the Ukrainian Armed Forces have died, bringing the total to 34 since the Russian invasion began in 2022. At present, 754 of our colleagues are serving in the Ukrainian Armed Forces.
As the end of a second year of the war approaches the way we manage our business also continues to change. Since the full scale invasion we have continued to retain the majority of our workforce, despite being forced to significantly reduce our production. This has resulted in the business carrying significant fixed costs. Furthermore, a lack of access to Black Sea export routes meant that we have incurred higher logistics costs than in previous years and were also limited in our ability to service our MENA and Asian customers..
Ukraine's recent success in opening up Black Sea export corridors has permitted some to recommence shipping out of certain ports. When the time is right, Ferrexpo plans to start up an additional pellet line and resume exports via this route, provided it is safe and cost effective. It is also encouraging to note that iron ore prices strengthened over 20% during the final quarter, driven by China's support for the more steel-intensive sectors of its economy, and have continued to hold up well into the New Year. We also note the early signs of an uptick in pellet demand in Europe. These factors combined could be supportive of our large fixed cost base and higher logistics costs. In my opinion, improved demand and higher prices bode well for the year ahead for Ferrexpo."
Destacados
· Ferrexpo is committed to the safety and wellbeing of the workforce and the Group continues to take extensive measures to protect all employees, their families, and local communities.
· Ferrexpo continúa produciendo, transportando y vendiendo sus productos a pesar del entorno desafiante en Ucrania.
· At the end of December 2023, the Group reported a rolling 12 month LTIFR of 0.39, below the historic five year trailing average of 0.69. For the third consecutive year zero fatalities were reported.
· El Grupo ha operado con éxito entre una y dos líneas de peletización (de cuatro) durante el trimestre, alternando la calidad del producto en función de la demanda de los clientes y las rutas logísticas disponibles.
· With variable, yet stable production at different times from each of the two pelletiser lines in 4Q, total iron ore pellet production was 577,140 tonnes from own ore, 54% lower than 3Q due to logistic constraints and lower market demand in the early part of the quarter.
· Total pellet and commercial concentrate production for the full year was 4,151,703 tonnes, 33% lower than the previous year, primarily because the 2022 year included a period of full-production before the full scale invasion of Ukraine commenced on 24 February 2022.
· The focus on production of higher grade pellets continued during the period, all graded 65% Fe or above.
· Posición de efectivo neta del grupo, sujeta a ajustes menores al final del año, de aproximadamente US $ 109 millones al 31 de diciembre de 2023 (31 de diciembre de 2022: US $ 106 millones), con obligaciones de arrendamiento mínimas y sin deuda.
Summary production statistics Q4 2023 and FY2023 (kt)
| Grado | 4Q 2023 | 3Q 2023 | Cambios | AF 2023 | AF 2022 | Cambios |
Producción comercial total | 677 | 1,349 | - 50% | 4,152 | 6,177 | - 33% | |
Producción total de pellets | 627 | 1,251 | - 50% | 3,845 | 6,053 | - 36% | |
Pellets de reducción directa | 67% | - | - | - | - | 353 | - |
Pellets premium Ferrexpo | 65% | 577 | 1,251 | - 54% | 3,795 | 5,700 | - 37% |
Ferrexpo basic pellets | 62% | - | - | - | - | - | - |
Third party pellets from concentrate | 65% | 50 | - | - | 50 | - | - |
Producción comercial de concentrados | 67% | 50 | 98 | - 49% | 307 | 124 | + 147% |
Contacto:
Para más información, por favor póngase en contacto con:
Ferrexpo: | ||
Nick sesgo | +44 (0) 207 389 / +8305 (44) 0 7733 | |
Tavistock: | ||
José Simson Gareth Tredway | +44 (0) 207 920 / +3150 (44) 0 7899 |
Sobre Ferrexpo:
Ferrexpo es una empresa de mineral de hierro con sede en Suiza, activos en Ucrania y una cotización premium en la Bolsa de Valores de Londres en el índice FTSE 250 (ticker FXPO). El Grupo produce pellets de mineral de hierro de alta calidad, que son un producto premium para la industria siderúrgica mundial y permiten reducir las emisiones de carbono y aumentar la productividad de los fabricantes de acero cuando se convierten en acero, en comparación con las formas de mineral de hierro más comúnmente comercializadas. Las operaciones de Ferrexpo han abastecido a la industria siderúrgica mundial durante más de 50 años. Antes de la invasión rusa de Ucrania en febrero de 2022, el Grupo era el tercer exportador mundial de pellets para la industria siderúrgica mundial. El Grupo tiene una base de clientes global compuesta por acerías de primera calidad en todo el mundo, que incluyen acerías en Austria, Alemania, Japón, Corea del Sur, Taiwán, China, Eslovaquia, la República Checa, Turquía, Vietnam y Estados Unidos. Para obtener más información, visite www.ferrexpo.com.
Notas:
Tenga en cuenta que es posible que los números no coincidan debido al redondeo y que todos los números contenidos en este documento pueden estar sujetos a cambios.
The Company will report Preliminary Financial Results for the year ended 2023 on 13 March 2024.
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