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Novolipetsk Steel

July 27, 2017

Q2 and 6m 2017 NLMK Group consolidated financial results under IFRS

Key highlights

Growth of revenue by 18% qoq in Q2to $2.54 bn, driven by a 14% qoq increase in sales and an improvement in the product mix (20% growth of finished product sales), against the backdrop of a fall in steel product prices.

  • Q2 EBITDA eased by 2% (growth by 31% yoy)to $603 m following the narrowing of spreads between steel product and raw material prices. H1 EBITDA climbed by 63% to $1,221 m, supported by Strategy 2017 gains, and the recovery in steel product prices.
  • Growth of free cash flow Q2 by 56% qoq to $325 m due to the growth of inflow from operating activities. H1 FCF grew by 23% yoy to $533, driven by lower capex and higher business profitability.
  • Debt leverage remains low, Net debt/EBITDA at 0.4õ.

nlmk_financial_release_2q2017_eng863.71 Kb

nlmk_ifrs_6m2017_financials_eng2.19 Mb

nlmk-ifrs-_-q2-2017-presentation1.88 Mb

financial_and_operating_data_2q_2017325.46 Kb

 

 

 

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