As expected, the sharp decline in iron ore prices over the last twelve months adversely impacted the company's results, with the increase in shipment volumes and the company's cost reduction initiatives mitigating the impact of the fall in prices on results. Vale's adjusted EBITDA margin fell to 28.8% in Q3 2015, as compared to 33.1% in the corresponding period of 2014, despite the much sharper decline in iron ore prices. Net operating revenues stood at $6.5 billion in Q3 2015, around 28% lower ...
Vale Q3 Earnings Review: Cost Reduction Partially Offsets The Impact Of Weak Iron Ore Prices
Forbes - 23 Oct 2015 21:54
As expected, the sharp decline in iron ore prices over the last twelve months adversely impacted the company's results, with the increase in shipment volumes and the company's cost reduction initiatives mitigating the impact of the fall in prices on results. Vale's adjusted EBITDA margin fell to 28.8% in Q3 2015, as compared to 33.1% in the corresponding period of 2014, despite the much sharper decline in iron ore prices. Net operating revenues stood at $6.5 billion in Q3 2015, around 28% lower ...
Share this Article
Recommended