UK markets close in 4 hours
  • FTSE 100

    6,664.06
    -51.36 (-0.76%)
     
  • FTSE 250

    20,597.95
    -195.77 (-0.94%)
     
  • AIM

    1,192.20
    -5.89 (-0.49%)
     
  • GBP/EUR

    1.1230
    -0.0051 (-0.45%)
     
  • GBP/USD

    1.3673
    -0.0058 (-0.42%)
     
  • BTC-GBP

    23,157.19
    +952.64 (+4.29%)
     
  • CMC Crypto 200

    629.64
    +19.64 (+3.22%)
     
  • S&P 500

    3,853.07
    +1.22 (+0.03%)
     
  • DOW

    31,176.01
    -12.37 (-0.04%)
     
  • CRUDE OIL

    51.86
    -1.27 (-2.39%)
     
  • GOLD FUTURES

    1,849.10
    -16.80 (-0.90%)
     
  • NIKKEI 225

    28,631.45
    -125.41 (-0.44%)
     
  • HANG SENG

    29,447.85
    -479.91 (-1.60%)
     
  • DAX

    13,793.90
    -112.77 (-0.81%)
     
  • CAC 40

    5,529.60
    -61.19 (-1.09%)
     

PJSC Magnitogorsk Iron and Steel Works: Answers to the questions received during 'MMK online. Fireside chat with the leadership team'

·2-min read

PJSC Magnitogorsk Iron and Steel Works (MMK)
22-Dec-2020 / 10:53 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

 


Answers to the questions received during MMK online. fireside chat with the leadership team

 

22 december 2020

Magnitogorsk, Russia

PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, publishes answers to the questions received during «MMK online. Fireside chat with the leadership team».

On 8 December 2020 we held an online event where the MMK leadership team discussed the main steel market trends in Russia and the world, key risks and drivers behind the growth in steel consumption, as well as MMK's strategic priorities and goals up to 2025.

During the Q&A session, a large number of questions was received. In the Investor Day section of the website, we publish answers to the questions which were not answered during the live broadcast.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Group'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, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

ММК is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of USD 7,566 mln and EBITDA of USD 1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13х at the end of 2019. The Group'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%.

Subscribe to our official MMK channel in Telegram, to be the first to know about key MMK news.

 

Investor Relations Department

Veronika Kryachko
+7 (915) 380-62-66 kryachko.vs@mmk.ru

 

ESG DEPARTMENT

 

Yaroslava Vrubel
+7 (982) 282-96-82
vrubel.ys@mmk.ru

 

Communications Department

Dmitriy Kuchumov  
+7 (499) 238-26-13 kuchumov.do@mmk.ru

Oleg Egorov
+7 (499) 238-26-13 egorov.oa@mmk.ru

 

 

 

 

KEY UPCOMING EVENTS IN 2021

Financial calendar

 

12-14 January

CEEMEA Opportunities Conference, J.P. Morgan, online

26 January

Q4 2020 trading update

4 February

MMK Q4 2020 financial results under IFRS publication and conference call

Answers to the questions received during MMK online. fireside chat with the leadership team

 

22 december 2020

Magnitogorsk, Russia

PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, publishes answers to the questions received during «MMK online. Fireside chat with the leadership team».

On 8 December 2020 we held an online event where the MMK leadership team discussed the main steel market trends in Russia and the world, key risks and drivers behind the growth in steel consumption, as well as MMK's strategic priorities and goals up to 2025.

During the Q&A session, a large number of questions was received. In the Investor Day section of the website, we publish answers to the questions which were not answered during the live broadcast.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Group'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, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

ММК is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of USD 7,566 mln and EBITDA of USD 1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13х at the end of 2019. The Group'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%.

Subscribe to our official MMK channel in Telegram, to be the first to know about key MMK news.

 

Investor Relations Department

Veronika Kryachko
+7 (915) 380-62-66 kryachko.vs@mmk.ru

 

ESG DEPARTMENT

 

Yaroslava Vrubel
+7 (982) 282-96-82
vrubel.ys@mmk.ru

 

Communications Department

Dmitriy Kuchumov  
+7 (499) 238-26-13 kuchumov.do@mmk.ru

Oleg Egorov
+7 (499) 238-26-13 egorov.oa@mmk.ru

 

 

 

 

KEY UPCOMING EVENTS IN 2021

Financial calendar

 

12-14 January

CEEMEA Opportunities Conference, J.P. Morgan, online

26 January

Q4 2020 trading update

4 February

MMK Q4 2020 financial results under IFRS publication and conference call

 

KEY UPCOMING EVENTS IN 2021

Financial calendar

 

12-14 January

CEEMEA Opportunities Conference, J.P. Morgan, online

26 January

Q4 2020 trading update

4 February

MMK Q4 2020 financial results under IFRS publication and conference call

ISIN:

US5591892048

Category Code:

MSCM

TIDM:

MMK

LEI Code:

253400XSJ4C01YMCXG44

Sequence No.:

90120

EQS News ID:

1156850


 

End of Announcement

EQS News Service

show this
show this