Magnesita’s Q2 sales buoyed by favourable currency effects

By Liz Gyekye
Published: Friday, 14 August 2015

The Brazilian refractories producer has managed to boost sales amid lacklustre steel activity. The firm’s refractories and industrial minerals divisions have contributed significantly to its sales increase.

Brazil-based Magnesita Refratarios saw its group revenue increase by Brazilian real (R$) 790.7m ($227.6m*) in Q2 2015, primarily helped by the effect of the exchange rate depreciation on refractories sales in dollars.

The company’s EBITDA** also saw an uptick by 7.8% to R$102.9m ($29.6m) for the quarter, compared to...

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