Capital Markets Day 2018
NLMK Group (LSE: NLMK), the leading Russian steel producer, announced the results of its Strategy 2017 for the period 2014-2017 on 20th February, 2018 and held a Q&A session with investors.
The Strategy 2017 target of $1 billion in annual EBITDA gains has been achieved.
- Strategy 2017 delivered structural annual EBITDA gain of $1,019 m.
- Management initiatives contributed around $740 m (over 70%) to the result.
- Additional gains of around $160 m in 2018 expected to come from recently completed investment projects.
- Full self-sufficiency in iron ore and pellets has been achieved with positive NPV of the investments.
- NLMK sales grew faster than respective markets across all of the Group’s divisions.
Speakers
Acting CFO
Press-releases
20 February 2018
Strategy 2017 target of $1 billion annual EBITDA gains has been achieved. Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 m (over 70%) to the result.
20 February 2018
NLMK Group (MICEX and LSE: NLMK) is pleased to announce growth in 12M EBITDA by 37% yoy to $2.66 bn. EBITDA margin grew by 1 p.p. to 26%. Free cash flow increased by 16% to $1.27 bn.