Ferrexpo 2017 final results
Revenue up 21% to US$1.2BN (2016: US$986M) reflecting higher iron ore prices and pellet premiums
Underlying EBITDA up 47% to US$551M (2016: US$375M) on higher revenues offset by higher costs and lower production
Profit before tax up 95% US$450M (2016: US$231M)
Net cash flows from operating activities US$353M (2016: US$332M) reflected higher EBITDA less working capital normalization
Net debt reduced 32% to US$403M as of 31 December 2017 (31 December 2016: US$589M)
Net debt to EBITDA 0.73x as of 31 December 2017 (as of 31 December 2016: 1.57x)
Group liquidity US$312M as of 31 December 2017 (31 December 2016: US$145M)
Final ordinary dividend of 3.3 US cents per share proposed (2016: 3.3 US cents) and special dividend of 6.6 US cents per share (2016: 3.3 US cents)
Total interim and final dividend for 2017 of 16.5 US cents (total interim and final 2016: 6.6 US cents)
