IR releases

NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its Q1 2019 financial results.

NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its preliminary Q1 2019 operating results.

NLMK Group (MICEX and LSE: NLMK) is pleased to announce an EBITDA growth of 35% yoy to $3.6 bn in 2018. EBITDA margin hit a decade high at 30%. Free cash flow grew by 60% to $2.0 bn.

In 2018, NLMK Group sales grew to 17.6 m t, up 7% yoy. Steel output grew by 2% yoy to 17.5 m t. Steel capacity utilization rate was 99%.

NLMK Group (MICEX and LSE: NLMK) is pleased to announce an EBITDA growth of 11% qoq to $1,015 m. EBITDA margin was 32%. Net income grew by 11% qoq to $646 m. Free cash flow doubled qoq to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x.

NLMK Group (MICEX and LSE: NLMK) is pleased to announce an EBITDA growth of 11% qoq to $1,015 m. EBITDA margin was 32%. Net income grew by 11% qoq to $646 m. Free cash flow doubled qoq to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x.