News

27 March 2014

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

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