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PUBLIC JOINT STOCK COMPANY MAGNITOGORSK IRON & STEEL WORKS

(MAGN)
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Public Joint Stock Magnitogorsk Iron & Steel Works : MMK awarded Gold in the Forbes Best Russian Employers Ranking

11/30/2021 | 07:21am EST

Forbes Russia, together with the auditing firm KPMG, published its third annual Best Russian Employers ranking. Magnitogorsk Iron & Steel Works was among the companies that received gold in the ranking and was among the best employers in the metallurgy sector.

MMK works carefully with its personnel and strives to ensure the most favourable working conditions for its employees. The development of a corporate culture of opportunity with a focus on strengthening employee engagement is one of the key strategic initiatives spelled out in MMK Group's Development Strategy up to 2025.

"MMK is a fusion of glorious historical traditions and industrial leadership. Our HR strategy has always been based on attention to people and their needs in all areas of life and work," said Oleg Kiykov, MMK's Director of Human Resources. "We are certain that the employer's social responsibility is directly related to the growth of labour productivity, and the fact that the plant has once again featured among the leaders in the metallurgy sector of the Forbes rating underlines the relevance of our approach."

The Company cooperates with its Corporate Training Centre "Personnel", as well as leading Russian and foreign educational centres, and organises annual professional competitions for employees and scientific and technical conferences to share experience and improve skills. In addition, MMK has developed programmes to train its management talent pool from the level of foreman to top manager.

Forbes has been publishing its ranking of Russia's best employers since 2019. This year's list includes 104 companies. Particular attention was paid to sustainability practices (ESG), as well as the quality of human resources and social responsibility towards employees when assessing a company's attractiveness as an employer. The experts rated the participating companies according to 18 main metrics grouped in the blocks of "employees and society", "corporate governance" and "environment". Depending on the results, companies were divided into four categories: platinum, gold, silver and bronze. In 2021, gold was the highest rating received by any of the mining and metallurgical companies in the rating.

Disclaimer

OAO MMK - Magnitogorskiy Metallurgicheskiy Kombinat published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 12:20:03 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 11 547 M - -
Net income 2021 3 069 M - -
Net cash 2021 591 M - -
P/E ratio 2021 2,40x
Yield 2021 25,9%
Capitalization 8 013 M 7 899 M -
EV / Sales 2021 0,64x
EV / Sales 2022 0,74x
Nbr of Employees 17 887
Free-Float 18,7%
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Number of Analysts 4
Last Close Price 0,70 $
Average target price 1,16 $
Spread / Average Target 64,7%
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Managers and Directors
Pavel Vladimirovich Shilyaev Chief Executive Officer & Director
Maria V. Nikulina Head-Finance Resources
Victor Filippovich Rashnikov Chairman
Vadim N. Feoktistov Chief Information Technology Specialist
Valeriy Yaroslavovich Martsinovich Independent Director
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