NLMK Group is pleased to announce the appointment of Dmitry Sotnikov as NLMK Group Vice President for Investment Projects. Konstantin Lagutin, NLMK Group’s previous VP for Investment Projects, has made the decision to step down from the position. He will stay on with the Company until the end of the year as Advisor to NLMK Group President and CEO.
The Board of Directors of NLMK Group (LSE: NLMK; MOEX: NLMK), a global steel company, has approved the Company’s Sustainable Development Policy.
At a meeting held on 24 October 2019, the Board of Directors of NLMK Group, an international steel company, approved the new composition of the Group’s Management Board
At a meeting held on 24 October 2019, NLMK Group's (LSE: NLMK) Board of Directors recommended the Company's shareholders to approve Q3'19 dividend of RUB 3.22 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 20 December 2019.
NLMK Group (LSE: NLMK, MOEX: NLMK) today announced its Q3 2019 financial results. Revenue amounted to $2,576 m (-8% qoq) with an EBITDA margin of 25%. Free cash flow totalled $249 m (-3% qoq).
NLMK Lipetsk, the flagship site of NLMK Group, has supplied a trial batch of pre-painted steel with improved coating quality to leading white goods manufacturer LG Electronics plant in Russia. NLMK steel will be used to make washing machine bodies.
NLMK Group (LSE: NLMK, MOEX: NLMK) has published today its Q3 2019 and 9M 2019 operating results. NLMK Group sales decreased by 6% qoq to 4 m t due to repairs at NLMK’s Lipetsk site. The share of finished products grew by 4 p.p. qoq to 68%.
NLMK La Louvière, one of the leading producers of flat steel coils in Belgium and a company of NLMK Group, has embarked on a 150 million euro project to revamp its hot strip mill, expanding production of thinner, stronger and more environmentally friendly steel.
NLMK (LSE: NLMK) will be announcing its consolidated IFRS results for Q3 2019 on Thursday, October 24, 2019.
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