News

27 March 2014

12M and Q4 2013 NLMK Group Consolidated Financial Results under US GAAP

NLMK, the LSE-listed leading steel producer, today announces its consolidated US GAAP results for Q4 2013.

2013
  • Group’s steelmaking capacities were running at 95%.
  • Steel production grew by 3% year-on-year to 15,429 million tonnes, including a 24% year-on-year increase for the Long Products Segment (to 2,232 million tonnes).
  • Revenue totaled $10,909 million (-10% year-on-year).
  • EBITDA was US$ 1,505 million (-21% year-on-year). EBITDA margin was 13.8%.
  • Net debt/EBITDA was 1.80 (1.88 in 2012).
Q4 2013
  • Group’s steelmaking capacities were running at 96%.
  • Steel production grew by 5% quarter-on-quarter to 4,064 million tonnes.
  • Group’s revenue totaled US$ 2,505 million (-8% quarter-on-quarter).
  • EBITDA grew by 8% quarter-on-quarter to US$ 409 million. EBITDA margin was 16.3%.
Outlook

• In Q1 2014, we expect stable steel production volumes and higher sales on the back of improved conditions in the external and internal markets.

Conference call
The conference call replay will be available through 3 April 2014:

International Replay Number: + 44 (0) 207 031 4064
US Replay Number: +1 954 334 0342
Replay Access Code: 943103