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
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 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, 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.
NLMK Group (LSE: NLMK, MOEX: NLMK) today announces that its Q3 2021 sales totalled 4.1 m t (-4% qoq). Sales in export markets grew by 2% qoq to 1.4 m t amid stable demand
NLMK Group (LSE: NLMK, MOEX: NLMK) in Q2 2021 increased its sales by 11% qoq to 4.3 m t supported by a 5% qoq production growth. Sales to the Russian market increased by 8% qoq to 1.8 m t (+26% yoy).
NLMK Group (LSE: NLMK, MOEX: NLMK) increased steel output by 12% qoq (+4% yoy) to 4.4 m t. Consolidated sales declined by 7% qoq to 3.9 m t (-13% yoy) driven by a decrease in commercial pig iron sales amid repairs at NLMK Lipetsk BF operations coupled with an increase in intragroup slab sales.
NLMK Group (LSE: NLMK, MOEX: NLMK) sales grew by 3% yoy to 17.5 m t in 2020. Steel output increased by 1% yoy to 15.8 m t.
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q2'20 dividend in the amount of RUB 4.75 per share at the Extraordinary General Shareholder Meeting (EGM) which will be held on 25 September 2020.
NLMK Group (LSE, MOEX: NLMK) Q2 2020 EBITDA was $582 m, its EBITDA margin growing by 3 p.p. qoq to 27%. Free cash flow (FCF) totalled $304 m. NLMK Board of Directors recommended approving Q2 dividends in the amount of RUB 4.75/share (132% of FCF).
NLMK (LSE: NLMK) will be announcing its consolidated IFRS results for Q2 2020 on Thursday, July 23, 2020.
At the Extraordinary General Meeting of Shareholder (EGM) held on 30 June 2020, NLMK shareholders approved the payment of Q1 2020 dividends of RUB 3.21 per share.
NLMK Group (LSE, MOEX: NLMK) increased its revenue by 6% qoq to $2,457 m, with its EBITDA margin growing to 24%. Free cash flow totalled $331 m.
NLMK Group (LSE, MOEX: NLMK) today announced its Q4 and 12M 2019 financial results1. Q4 revenue amounted to $2,312 m, with an EBITDA margin of 21%. Free cash flow (FCF) in Q4 grew to $338 m (+36% qoq). NLMK Board of Directors recommended approving Q4 dividends in the amount of RUB 5.16/share (148% of FCF) in line with NLMK’s Dividend Policy.
NLMK Group, a global steel company, was named among the Top 3 companies in the Environmental Transparency Rating of Mining and Metals Companies according to World Wildlife Fund (WWF) Russia. The company went up by four places compared to 2020
NLMK Group was ranked among Top 3 Russian companies in sustainable development according to Expert magazine. NLMK gained 18 positions vs last year.
NLMK Group, a global steel company, has topped the ComNews Awards 2021 in the Best Digital ESG Solution nomination. The jury commended NLMK’s digital environmental service: Video Analytics of Air Emissions.
NLMK Group, a global steel company, will be participating in the 26th United Nations Climate Change Conference (COP26). From 31st October to 12th November 2021, world leaders and business representatives will meet in Glasgow to discuss programmes aimed at reducing greenhouse gas emissions, green financing, and global carbon market development.
NLMK Lipetsk has embarked on stove overhauls at Blast Furnace No. 4 with a capacity of 2.1 million tonnes of pig iron per year. The project will enable a 98% reduction in carbon oxide (CO) emissions.
International audit firm Deloitte has verified NLMK Lipetsk’s 2020 greenhouse gas emissions data in line with the methodology used in the EU.
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.
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.
NLMK (LSE: NLMK, MOEX: NLMK), a global steel company, today announces the closing of its EUR 500 million 5-year Eurobond placement with an annual coupon rate of 1.45%. Interest payments on the Eurobonds are payable annually.
NLMK Group has ranked among the top 10 steel companies globally in the 2021 Value Creators Rankings compiled by Boston Consulting Group (BCG) on the basis of total shareholder return (TSR) over the previous five-year period from 2016 through 2020.
NLMK Indiana and NLMK Pennsylvania (hereinafter referred to as NLMK USA), NLMK Group’s American division companies, have reached an amicable settlement with the United States Government resolving NLMK’s lawsuit challenging the Department of Commerce’s denial of NLMK’s requests for exclusion from Section 232 steel tariffs.
NLMK Group signed a 4-year syndicated revolving credit facility (RCF) with a group of international banks in the amount of €600 m, with an accordion option allowing the Company to increase the funding limit to €1 bn.
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