News

7 August 2014

Q2 2014 NLMK Group Consolidated Financial Results under US GAAP

NLMK Group is pleased to announce Q2 2014 US GAAP Results.

Q2 2014 key highlihts
  • Group’s steelmaking capacities were running at 94% (+2 p.p. quarter-on-quarter);
  • Steel sales totaled 3.835 million t (-1% quarter-on-quarter);
  • Revenue went up to US$ 2,808 million (+6% quarter-on-quarter);
  • EBITDA was US$ 594 million (+27% quarter-on-quarter);
  • EBITDA margin was 21.2% (+3.5 p.p. quarter-on-quarter);
  • Net income was US$ 158 million (-9% quarter-on-quarter);
  • Net debt totaled US$ 2,103 million (-9% quarter-on-quarter);
  • Net debt/EBITDA was 1.14 (1.39 in Q1 2014).
Outlook
  • According to preliminary estimates, in Q3 2014 steel production will grow to 4 million tonnes. Financial performance of the Group in Q3 2014 is expected to be in line with or marginally better than the Q2 results.
NLMK is pleased to invite the investment community to a conference call with the management of NLMK:

 August 07, 2014
  • 09:00 (New York)
  • 14:00 (London)
  • 17:00 (Moscow)
To join the conference call, please, dial

International Number: +44 (0)145 255 55 66
US Number: +1 631 510 74 98
Russian Number: +7 499 677 10 36

Conference ID: 80469034

*We recommend that participants start dialing in 10-15 minutes prior to ensure a timely start of the conference call.

The conference call replay will be available through August 14, 2014.

International Replay Number: + 44 (0)145 255 0000
US Replay Number: +1 (866) 247 4222
Russian Replay Number: +7 499 677 1064

Replay Access Code: 80469034