News

21 April 2008

Preliminary Results for the Year Ended 31 December, 2007

Novolipetsk Steel (“NLMK”, “the Group”), the LSE-listed leading Russian steel producer, today announced its preliminary consolidated US GAAP results for the year ended 31 December 2007.

Key financial highlights


USD, million                             2007           2006       Change, %

Revenue                                 7 719.1          6 045.6        28%

Gross profit                           3 742.0        2 971.3           26%

Operating income                 2 998.4        2 243.3          34%

EBITDA*                                3 366.2        2 631.2          28%

EBITDA Margin(%)               44%             44%

Net profit**                             2 247.3      2 066.0               9%

Net profit ex. one-off items  2 184.9      1 596.5             37%

EPS                                       0.3750        0.3447              9%

* EBIT