Interpipe

Interpipe is the largest producer of pipes and railway wheels in Ukraine, selling its produce in more than 80 countries. The company operates three key divisions, manufacturing steel, pipes, and railway products. The steel division collects scrap metal and melts it at Dniprosteel, Interpipe’s modern electric arc furnace (EAF) mill with annual capacity of 1.3 Mt p.a. Interpipe’s pipe segment comprises three pipe rolling mills with combined capacity of close to 1 Mt p.a.

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Ratings: Fitch/Moody`s/S&P
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Note: *Based on bid price.

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Latest news about Interpipe

May 22, 2025

| Metals & Mining

Interpipe — Reports 2024 EBITDA of $284m, solid cash generation

Interpipe reported 2024 net sales of $1.1bn, up 6.2% y-o-y, with EBITDA down 16% y-o-y to $284m, implying an EBITDA margin of 27% (-7.0pp y-o-y). Net income rose 11% y-o-y to $280m. Segment-wise, pipe EBITDA fell 31% to $103m, rail wheel EBITDA rebounded 46% to $49m, and steel EBITDA declined 14% to $103m. On a pass-through basis (excluding attribution to the steelmaking segment), pipe EBITDA was down 25% y-o-y to $199m, wheel EBITDA rose 17% to $71m, and steel EBITDA dropped 15% to $7.3m.

Feb 05, 2025

| Pipes

Interpipe — Accepts $25m of 2026 bonds for buyback

Interpipe has completed a tender offer for its $300m notes due in May 2026, accepting $25.4m worth of principal for buyback and thereby reducing the outstanding amount to $274.6m. Settlement is expected as early as today.