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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  Magnitogorsk Iron & Steel Works    MAGN   RU0009084396

MAGNITOGORSK IRON & STEEL WORKS

(MAGN)
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PJSC Magnitogorsk Iron and Steel Works: Notice of Q1 2020 Financial Results

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04/24/2020 | 08:30am EDT

PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: Notice of Q1 2020 Financial Results

24-Apr-2020 / 14:28 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


                     24 April 2020

Magnitogorsk, Russia

 

 

Notice of Q1 2020 IFRS financial results webcast & conference call

 

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to invite the investment community to join the MMK Q1 2020 IFRS financial results webcast & conference call.

 

Date:      Wednesday, April 29, 2020
Time:  

2:00 pm Moscow time

12:00 pm London time

7:00 am New York time

Participants:

Andrey Eremin, CFO

Mariya Nikulina, Finance Director

Veronika Kryachko, Head of IR

Conference call dial-in details:

Conference ID: 474530

 

 

Russia

United Kingdom

USA

Local access

+7 495 213 1765

+44 (0)330 336 9104

+1 646-828-8374

Toll free

8 800 500 9271

0800 358 6374

800-581-5838

Registration for live audio webcast is available by the link.

Please dial in 10-15 minutes prior to the scheduled time of the conference call.

The call will be recorded and there will be a replay facility available for 7 days as follows:

Replay Passcode: 1073839

 

 

Russia

United Kingdom

USA

Local access

8 10 800 2702 1012

+44 (0) 207 660 0134

+1 719-457-0820

 

All related materials will be published on the Investors section of the Company's website.

 

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Company's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2019, the Company produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

??? is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of $7,566 mln and EBITDA of $1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13? at the end of 2019. The Company's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's, S&P.

MMK's ordinary shares are traded on Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 15.7%.

 

Investor contacts

Veronika Kryachko 

tel.: +7 (3519) 25-75-01 

E-mail: kryachko.vs@mmk.ru

 

Media contacts

Dmitry Kuchumov 

tel.: +7 (499) 238-26-13 

E-mail: kuchumov.do@mmk.ru

Oleg Egorov 

tel.: +7 (499) 238-26-13 

E-mail: egorov.oa@mmk.ru

 

 

 



ISIN: US5591892048
Category Code: NOR
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 60403
EQS News ID: 1029625

 
End of Announcement EQS News Service

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© EQS 2020
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Sales 2020 6 580 M - -
Net income 2020 718 M - -
Net Debt 2020 40,3 M - -
P/E ratio 2020 7,13x
Yield 2020 11,7%
Capitalization 6 120 M 6 085 M -
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Last Close Price 0,55 $
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Pavel Vladimirovich Shilyaev Chief Executive Officer & Director
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