At a meeting held on October 25 NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q3 dividends of 6.04 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM), which would be held on December 21. The dividends are equivalent to 86% of the company’s free cash flow based on…
In Q3 NLMK Group EBITDA growth totaled 11% QoQ, to $1,015 million. EBITDA margin was 32%. Net income grew by 11%, to $646 million. Free cash flow doubled to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x. Group revenue in Q3 totaled $3.13 billion (+0.5% QoQ, +23% YoY). The decrease in…
NLMK Group, a global steel company, is pleased to announce the appointment of Dmitry Kholkin to the newly created position of Vice President of Digital Transformation. The key goal for Dmitry Kholkin and his team will be to use advanced data analysis tools and other digital technologies to develop the company’s production and support processes.…
The Rostov subsidiary of the First Cargo Company reported that in January-September the Tuapse Sea Trade Port unloaded 33.5 thousand wagons, that brought over 2 million tons of NLMK ferrous metals, up by 36% YoY. The increase has to do with the demand growth in the far abroad countries. The port shipped pipes (90% of…
In Q3 steel output grew by 1% QoQ, to 4.4 million tons and was flat YoY; capacity utilization rate remained high at 99%. Group sales in Q3 increased by 1% QoQ and by 4% YoY, to 4.4 million tons. Sales totaled 4.4 million tons (+1% QoQ). This growth was supported by the increase in long…
In September railroad deliveries of metal from NLMK totaled 1.1 million tons, up by 14.8% YoY. In 9 months sales reached 9.6 million tons, up by 2.5% YoY. Deliveries to Russian customers increased by 0.6%, to 3.2 million tons, while exports grew by 3.5%, to 6.4 million tons. (Ukrainian metal)
NLMK Group has embarked on a project to implement stamp-charging technology at an operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke. This project, which is worth a total of 3.3 billion rubles, will boost coke quality and reduce the cost of its production, and improve the environmental footprint of operations.…
NLMK Group, an international steel company, has topped the “People are the most valuable capital” nomination in the annual SAP Value Award for implementing an updated HR management system based on SAP Human Capital Management (SAP HCM) and SAP SuccessFactors cloud solution. The use of advanced technology solutions improved the quality and agility of management…
