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    NLMK   US67011E2046

NOVOLIPETSK STEEL

(NLMK)
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Novolipetsk Steel : Q3 and 9M 2020 NLMK Group Trading Update

10/13/2020 | 11:12am EDT

NLMK Group (LSE: NLMK, MOEX: NLMK) is pleased to announce that in Q3 2020 its steel output grew by 3% yoy to 3.9 m t (flat qoq).

Sales increased by 11% yoy, totalling 4.4 m t (+2 qoq).

Q3 2020 highlights

Steel output grew by 3% yoy to 3.9 m t (flat qoq).

Sales increased by 11% yoy to 4.4 m t, due mainly to higher pig iron sales to the US, Chinese, and Turkish markets. Quarter-on-quarter, sales were up by 2%, while the share of finished products in the sales portfolio grew from 56% to 62%.

Sales in export markets grew by 42% yoy to 1.8 m t, as shipments of semis increased. The 10% quarter-on-quarter reduction reflects the recovery of business activity in Russia and a normalized share of export sales by the Group's Russian companies.

Sales in 'home' markets totalled 2.8 m t (-2% yoy), amid a decrease in demand for slabs for the production of large-diameter pipes on the Russia market. Quarter-on-quarter, sales grew by 19% due to the recovery in demand for finished products on the Russian market.

9M 2020 highlights

Steel output totalled 11.9 m t (flat yoy).

Sales grew by 3% yoy to 13.3 m t, driven by a 4x increase in pig iron sales to 1 m t.

Sales on 'home' markets declined by 4% yoy to 8.1 m t, due mainly to lower demand in the US market.

Sales on export markets grew by 16% yoy to 5.2 m t, supported by increased exports of pig iron and slabs to third parties.

Contact:

Maria Simonova

Tel: +7 (495) 504-05-04

Email: simonovamn@nlmk.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 12 823 M - -
Net income 2021 3 642 M - -
Net Debt 2021 2 019 M - -
P/E ratio 2021 6,65x
Yield 2021 15,6%
Capitalization 22 678 M 22 678 M -
EV / Sales 2021 1,93x
EV / Sales 2022 2,32x
Nbr of Employees -
Free-Float -
Chart NOVOLIPETSK STEEL
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Novolipetsk Steel Technical Analysis Chart | NLMK | US67011E2046 | MarketScreener
Technical analysis trends NOVOLIPETSK STEEL
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 35,20 $
Last Close Price 37,84 $
Spread / Highest target 26,8%
Spread / Average Target -6,98%
Spread / Lowest Target -51,1%
EPS Revisions
Managers and Directors
NameTitle
Grigory Vitalyevich Fedorishin President & Chairman-Management Board
Shamil Ravilyevich Kurmashov Chief Financial Officer
Vladimir Sergeevich Lisin Chairman
Ben de Vos Vice President-International Operations
Benedict John Sciortino Independent Director