PRESS RELEASE
January 24, 2022
Interpipe releases its report on operations for December 2021
Interpipe, a global producer of steel pipes and railway products, has released (via Interpipe Holdings Plc) its monthly report on operations for December 2021.
Highlights
The Company's trading performance in December 2021 was sound in both pipe and railway product segments having outperformed strong results in November with robust m-o-m growth rates
Overall pipe product salesrose by 22.9% m-o-m, ending the year with a 28.1% y-o-y growth
OCTG salessurged by 69.5% m-o-m on the back of intensified deliveries to JSC Ukrgasvydobuvannya (UGV - the subsidiary of Naftogaz). OCTG total sales for 2021 boosted more than twofold (gained 129.8% y-o-y)
Linepipe sales volumeinched down by 1.7% m-o-m - growth of sales in the LATAM, MENA and CIS regions almost off-set the cool off in sales to Europe and the US after the strong performance in November. Total sales volume for 2021 grew by 13.4% y-o-yMechanical pipe salesdecelerated by 5.4% m-o-m. However, sales to the CIS region were the highest since March 2021. For the 12 months 2021 sales surged by 34.7% y-o-yWelded pipe salesgained 12.1% m-o-m on the back of restocking activity. Total sales for 2021 slumped by 26.1% y-o-y affected by hefty market prices for HRC in H1 2021
Sales volume of railway productsexceeded 16K tons in December 2021 (up by 14.3% m-o-m) on the back a robust demand from both wagon manufactures and after-market off- takers in the CIS region
As a result of 2021, Interpipe succeeded in reduction of the negative impact of the embargo on imports of Ukrainian railway products in the Russian Federation imposed in February 2021 - sales of railway products slid just by 9.6% y-o-y (174K tons vs 192.5K tons in 2020)
25.5% y-o-y growth in sales of wheelsets in 2021 has overarched the Company's strategy towards expanding the share of high-value products in its product mix
Report On Operations
November | December | 12 months | 12 months | Change | |||||||||||||||||||
# | Product | 2021 | 20213 | 2020 | 2021 | ||||||||||||||||||
Thousand tons | % m-o-m | For 12 months | |||||||||||||||||||||
2020, % y-o-y | |||||||||||||||||||||||
Production | |||||||||||||||||||||||
1. | Steel | 87,9 | 93,3 | 758,1 | 971,0 | 6,2% | 28,1% | ||||||||||||||||
2. | Pipes, o/w: | 52,3 | 62,9 | 464,0 | 614,8 | 20,5% | 32,5% | ||||||||||||||||
2.1. | Seamless, o/w: | 46,0 | 56,7 | 383,9 | 555,6 | 23,4% | 44,7% | ||||||||||||||||
2.1.1. | OCTG | 13,0 | 23,2 | 77,0 | 199,3 | 78,2% | 159,0% | ||||||||||||||||
2.1.2. | Linepipe | 30,6 | 31,1 | 288,2 | 331,1 | 1,8% | 14,9% | ||||||||||||||||
2.1.3. | Mechanical | 2,4 | 2,4 | 18,8 | 25,2 | 1,4% | 34,2% | ||||||||||||||||
2.2. | Welded | 6,3 | 6,2 | 80,1 | 59,1 | -1,4% | -26,2% | ||||||||||||||||
3. | Railway products | 14,8 | 15,9 | 190,6 | 172,1 | 8,1% | -9,7% | ||||||||||||||||
3.1. | Wheels1 | 11,8 | 12,7 | 166,6 | 141,8 | 7,5% | -14,9% | ||||||||||||||||
3.2. | Wheelsets1 | 2,2 | 2,6 | 17,8 | 24,3 | 18,1% | 36,5% | ||||||||||||||||
3.3. | Axles1 | 0,2 | 0,2 | 4,0 | 3,7 | -27,2% | -7,8% | ||||||||||||||||
3.4. | Tyres | 0,5 | 0,5 | 2,1 | 2,4 | -6,8% | 11,0% | ||||||||||||||||
Sales | |||||||||||||||||||||||
1. | Steel2 | 1,4 | 7,3 | 35,0 | 57,0 | 413,7% | 62,9% | ||||||||||||||||
2. | Pipes, o/w: | 64,2 | 78,9 | 470,0 | 602,2 | 22,9% | 28,1% | ||||||||||||||||
2.1. | Seamless, o/w: | 58,1 | 72,1 | 389,9 | 542,9 | 24,1% | 39,3% | ||||||||||||||||
2.1.1. | OCTG | 20,8 | 35,3 | 83,3 | 191,3 | 69,5% | 129,8% | ||||||||||||||||
2.1.2. | Linepipe | 35,0 | 34,4 | 288,2 | 326,9 | -1,7% | 13,4% | ||||||||||||||||
2.1.3. | Mechanical | 2,3 | 2,4 | 18,4 | 24,7 | 5,4% | 34,7% | ||||||||||||||||
2.2. | Welded | 6,1 | 6,8 | 80,2 | 59,3 | 12,1% | -26,1% | ||||||||||||||||
3. | Railway products | 14,4 | 16,4 | 192,5 | 174,0 | 14,3% | -9,6% | ||||||||||||||||
3.1. | Wheels1 | 11,9 | 13,8 | 166,4 | 143,3 | 16,7% | -13,9% | ||||||||||||||||
3.2. | Wheelsets1 | 1,8 | 1,9 | 19,5 | 24,5 | 1,8% | 25,5% | ||||||||||||||||
3.3. | Axles1 | 0,2 | 0,2 | 3,9 | 3,6 | 31,8% | -6,1% | ||||||||||||||||
3.4. | Tyres | 0,5 | 0,5 | 2,7 | 2,6 | -3,4% | -6,3% | ||||||||||||||||
TOTAL | 80,0 | 102,7 | 697,5 | 833,2 | 28,3% | 19,5% |
1. Wheels and axles are inter alia utilized as components (semi-products) for wheelset production
2. For steel - only external sales
3. The figures for the month are operational data and might be subject to further updates following ultimate accounting verifications of primary documents
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Regional Sales Data. Pipe products
December 2021. Pipes sales by region, th.tons | 12m 2021. Pipes sales by region, th.tons |
Regional Sales Data. Railway products
December 2020. Railway products sales by region, th.tons | 12m 2021. Railway products sales by region, th.tons |
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About the company:
Interpipe is global producer of steel pipes and railway products, based in Ukraine. The company's products are marketed in more than 80 countries all around the world via the network of sales offices located in key markets of Ukraine, Europe, North America and the Middle East.
IR contact details:
Andrii Okolnych
Head of Investor Relations
Phone: +380 44 233 68 21
E-mail:ir@m.interpipe.biz
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Disclaimer
INTERPIPE Nyzhnodniprovsky Tube-Rolling Plant PJSC published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 14:33:02 UTC.