NLMK Lipetsk has started the assembly of main process equipment at its new 300 MW power plant.
The newly elected Board of Directors of NLMK Group held its first meeting after the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected Chairman of the Board.
At the Annual General Shareholders’ Meeting (AGM) held on 29 April 2021, NLMK shareholders voted to confirm Grigory Fedorishin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (six seats out of nine).
At the Annual General Shareholders’ Meeting (AGM) held on 29 April 2021, NLMK shareholders approved the payment of FY2020 dividends of 21.64 rubles per share. Considering the previously paid interim dividends, the amount outstanding to be paid for Q4 2020 is 7.25 rubles per share.
NLMK Group (LSE: NLMK, MOEX: NLMK) increased its revenue by 20% qoq to $2.9 bn, EBITDA totalled $1.2 bn (+31% qoq), EBITDA margin increased to 41% (+4 p.p. qoq).
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