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

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.                      24April 2020 Magnitogorsk, Russia     Notice of Q12020 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 MMKQ1 2020 IFRS financial resultswebcast & 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 MariyaNikulina, Finance Director Veronika Kryachko, Head of IR Conference call dial-in details: Conference ID: 474530     Russia United Kingdom USA Local access [phone] [phone] [phone] 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 [phone] [phone]   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 mlntonnes of crude steel and 11.3 mlntonnes 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.: [phone]  E-mail: [e-mail]   Media contacts Dmitry Kuchumov  tel.: [phone]  E-mail: [e-mail] Oleg Egorov  tel.: [phone]  E-mail: [e-mail]

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

End of Announcement	EQS News Service