Ukrainian Pipe Manufacturer Interpipe Posts Higher Net Profit for 2024

Ukrainian pipe and railway wheel producer Interpipe has announced its financial and operational results for the year 2024. The company reported a net profit of $280.48 million, up from $252.89 million in 2023, marking a year-over-year increase.

Total revenue grew by 6.2% to $1.05 billion, while operating profit declined slightly by 5.9%, reaching $337.04 million for the year.

Production volumes saw notable growth: steel output rose to 834,000 metric tons (up 22.6%), and pipe production increased by 28.3% to 507,000 metric tons. The company also produced 112,000 metric tons of railway products in 2024.

Overall sales volumes amounted to 657,000 metric tons, representing a 27.5% increase compared to the previous year.

Interpipe expressed optimism about its 2025 outlook, expecting the European Union to extend its suspension of tariffs and quotas on Ukrainian steel and pipe products. Combined with a stronger euro, this could further support the company's growth trajectory in the current year.