Russia’s leading steel pipe maker TMK announced that the volume of sales of pipe products in the 1st half of 2022 amounted to 2.398 million tonnes, of which the volume of sales of seamless pipes amounted to 1.816 million tonnes and welded pipes 0.582 million tonnes. Revenue in the 1st half of 2022 amounted to RUB 300.8 billion an adjusted EBITDA was RUB 52.6 billion, with an Adjusted EBITDA margin of 17.5%.TMK CEO Mr Igor Korytko said “In the first half of 2022, TMK Group demonstrated strong financial and operational results. At the same time, the current macroeconomic situation creates significant risks for production, marketing and investment activities. The Company takes all measures to adapt to the prevailing conditions, minimize the impact of negative factors and solve the difficulties that have arisen. TMK Group seeks to ensure the stable operation of its production facilities, the timely fulfillment of orders, and the fulfillment of obligations to suppliers, employees and creditors. We intend to continue to focus our efforts on the development of advanced products to meet the needs of our customers, primarily in the Russian market.”
Russia’s leading steel pipe maker TMK announced that the volume of sales of pipe products in the 1st half of 2022 amounted to 2.398 million tonnes, of which the volume of sales of seamless pipes amounted to 1.816 million tonnes and welded pipes 0.582 million tonnes. Revenue in the 1st half of 2022 amounted to RUB 300.8 billion an adjusted EBITDA was RUB 52.6 billion, with an Adjusted EBITDA margin of 17.5%.TMK CEO Mr Igor Korytko said “In the first half of 2022, TMK Group demonstrated strong financial and operational results. At the same time, the current macroeconomic situation creates significant risks for production, marketing and investment activities. The Company takes all measures to adapt to the prevailing conditions, minimize the impact of negative factors and solve the difficulties that have arisen. TMK Group seeks to ensure the stable operation of its production facilities, the timely fulfillment of orders, and the fulfillment of obligations to suppliers, employees and creditors. We intend to continue to focus our efforts on the development of advanced products to meet the needs of our customers, primarily in the Russian market.”
