OJSC Novolipetsk Steel (LSE: NLMK) today released the following regular trading update for Q2 2006.
OJSC Novolipetsk Steel (NLMK), the LSE listed leading Russian steel producer, today announces its consolidated results for the 1st Quarter 2007.
Results of voting at the 2006 Annual General Meeting
OJSC Novolipetsk Steel (LSE: NLMK) is pleased to note today’s announcement that the Company’s Global Depositary Shares (GDSs) will be included in the Morgan Stanley Capital International (MSCI) Emerging Markets Index effective 31 May, 2006. As a result the pro-forma weight of NLMK GDS in the index will increase to 0.12%.
OJSC Novolipetsk Steel (NLMK) (LSE: NLMK) today announces Q1 2006 Russian Accounting Standards (RAS) financial results for its major companies.
OJSC Novolipetsk Steel (LSE: NLMK) today released the following regular trading update for Q1 2006.*
NLMK Group is pleased to announce Q3 and 9M 2014 NLMK Group Trading Update.
NLMK Group is pleased to announce Q2 2014 and H1 2014 NLMK Group Trading Update.
NLMK Group is pleased to announce Q1 2014 key operating highlights.
NLMK Group is pleased to announce NLMK Group Q4 and 12M 2013 Trading Update.
In Q3 2013, NLMK Group steel output grew by 3% to 3.897 m t, driven among other factors by a 0.1 m t increase in output at NLMK Kaluga. Q3 steel product sales totaled 3.719 m t (-1.4% q-o-q). Finished product sales grew by 5.5% q-o-q to 2.896 m t; their share in total sales growing 5 p.p. to 78%. Sales of value added products1 increased by 2.1% to 1.411 m t, accounting for c.50% of finished product sales.
In Q2 2013, NLMK Group steel output increased by 2.5% to 3.785 m t. Q2 steel product sales totaled 3.771 m t (+0.2%). Finished product sales grew by 6% q-o-q to 2.744 m t driven by the seasonal growth in demand from end consumers. The share of finished products in total sales exceeded 73%. Sales of value added products increased by 3.7% to 1.380 m t, accounting for c.50% of finished product sales.
Loan participation notes issued by Steel Funding DAC (the “Issuer”) for the purpose of funding loans to Novolipetsk Steel (“NLMK”) due 15 June 2023, 21 September 2024, 30 May 2026 and 2 June 2026 (the “Notes”).
At NLMK Group’s Annual General Meeting of Shareholders held on 30 June 2022, NLMK shareholders resolved not to pay FY2021 dividends, following the recommendation of the Board of Directors.
At a meeting held on 6 June 2022, NLMK Board of Directors annulled its resolution adopted on 2 February 2022 regarding the amount of Q4 2021 dividends (RUB 12.18 per share) and recommended shareholders not to pay out dividends for the period.
NLMK Group (LSE, MOEX: NLMK) reports that in Q4 2021 its EBITDA1 totalled $1.8 bn, with EBITDA margin reaching 38%. Free cash flow (FCF) reached $0.8 bn. The Board of Directors recommended approving Q4 2021 dividends in the amount of 12.18 RUB/share (113% of FCF).
At a meeting held on 2 February 2022, NLMK Group's Board of Directors recommended NLMK shareholders to approve Q4'21 dividends in the amount of RUB 12.18 per share.
At the Extraordinary General Meeting of Shareholder (EGM) held on 26 November 2021, NLMK shareholders approved the payment of Q3 2021 dividends of RUB 13.33 per share. The date upon which the shareholders entitled to Q3 2021 dividends will be determined was set as 7 December 2021
NLMK Group, a global steel company, is pleased to announce that its SAM S&P Global (formerly RobecoSAM) integrated sustainability score was raised from 33 to 45 points year-on-year as part of a regular review process.
NLMK Group is committed to continue reducing its greenhouse gas emissions in the period leading up to 2023, while growing steel production at the same time. Its target specific emission level will be 1.91 tonnes of СО2 per tonne of steel, compared to 1.98 tonnes in 2019* (a 3.5% reduction).
NLMK Lipetsk has commissioned a 10,000 m2 automated warehouse complex as part of its efforts to boost the efficiency of its production processes. The complex will enable 24/7 supply of spare parts, components, and consumables to repair shops, reducing internal order completion time by a factor of four.
NLMK Group, a global steel company, and Rosenergoatom (part of the Electric Power Division of Rosatom State Corporation), a leading Russian generation company, have signed a partnership agreement on low carbon power energy supplies.
NLMK Group, a global steel company, the Belgorod Region administration, and the Russian Ministry of Industry and Trade have signed a Memorandum of Intent for a project to construct a new metals and mining facility at the Stoilensky Mining and Beneficiation plant.
NLMK Group hereby informs that Expert RA has withdrawn NLMK’s credit rating following the expiration of the rating services agreement. NLMK Group plans to resume activities on initial credit rating assignment in the nearest future.
Considering the analysis of Q1 2022 performance and trends on the ferrous metallurgy market in early Q1 2022, the 2022 output of Russian ferrous metallurgy companies is expected to decrease year-on-year by more than 11 m t (-15%). The maximum decrease is expected in H2 2022, over 9 m t (-26%) vs. H2 2021
NLMK Group announces that Fitch Ratings has downgraded NLMK Group’s long-term foreign-currency issuer default rating from BBB (stable outlook) to B (rating watch negative). The rating action follows the agency’s downgrade of Russia’s sovereign ratings on 2 March 2022.
NLMK Group (LSE: NLMK, MOEX: NLMK), an international steelmaking company with operations in Russia, the USA, and the European Union, is pleased to inform you that it has published its 2022 financial calendar on its web-site. Please note that dates are preliminary and subject to change.
Institutional Investor, a leading global finance magazine, has recognized NLMK Group (LSE: NLMK) as the leader in investor relations, with the highest rating among 350 companies from developing countries in the EMEA region (Europe, the Middle East, and Africa).
NLMK Group (LSE: NLMK), a global steel company, has published its Payments to Governments Report 2020 disclosing the respective payments related to extractive activities of the company.
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