Inactive Instrument

Mechel PAO Nyse

MTL

US5838406081

Mechel : Reports The 3Q 2020 Financial Results

November 19, 2020 at 05:05 am EST

19 November 2020

Mechel Reports The 3Q 2020 Financial Results

Moscow, Russia - November 19, 2020 - Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and steel group, announces financial results for the 3Q 2020.

Consolidated revenue - 64.4 bln rubles (-0.2% compared to 2Q 2020)

EBITDA - 9.3 bln rubles (+6% compared to 2Q 2020)

Loss attributable to equity shareholders of Mechel PAO - 26.0 bln rubles

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Mechel PAO published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 10:04:02 UTC

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Company Profile

Mechel PAO is one of the leading Russian metallurgy and mining groups. Net sales break down by activity as follows: - manufacturing of steel products (65.3%): long steel (57% of sales), hardware products (15.4%), flat steel (14%), automotive forgings (4.9%), ferrosilicon (2.8%), semi-finished steel products (2.4%), pipes (1.9%) and other (1.6%); - mining operations (27.5%): coking coal (64.1% of net sales), coke and chemical products (33.7%), iron ore concentrate (0.6%) and other (1.6%). The remaining sales (7.2%) are from an electricity production activity (2.7 million GWh produced in 2021). Net sales break down geographically as follows: Russia (54.5%), CIS (12%), Asia (16.9%), Europe (15.4%) and other (1.2%).

Sector

Iron & Steel

Calendar

2024-08-14 - Q2 2024 Earnings Release (Projected)

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