NLMK Group (MICEX and LSE: NLMK) is pleased to announce growth in 12M EBITDA by 37% yoy to $2.66 bn. EBITDA margin grew by 1 p.p. to 26%. Free cash flow increased by 16% to $1.27 bn.
Strategy 2017 target of $1 billion annual EBITDA gains has been achieved. Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 m (over 70%) to the result.
International rating agency Moody’s has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from Ba1 to investment grade Вaa3, with a positive outlook.
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, was recognized in the 20th Annual Report Competition organized by the Moscow Exchange and RBC Group. NLMK topped the Best Annual Report in Metals & Mining category.