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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Public Joint Stock Company "Novolipetsk Steel"    NLMK

PUBLIC JOINT STOCK COMPANY "NOVOLIPETSK STEEL"

(NLMK)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 11/25 11:29:59 am
25.47 USD   -0.20%
11/21NOVOLIPETSK STEEL : NLMK ESG presentation – November 2020
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10/21NOVOLIPETSK STEEL : 3rd quarter results
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10/21NOVOLIPETSK STEEL : Press Release
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Novolipetsk Steel : Q2 and 6M 2020 NLMK Group Trading Update

07/16/2020 | 09:45am EST

NLMK Group (LSE: NLMK, MOEX: NLMK) is pleased to announce that in 6M 2020 its sales totalled 8.9 m t (flat yoy). Q2 sales grew by 2% yoy to 4.4 m t (-3% qoq).

Q2 2020 highlights

NLMK Group steel output and sales were impacted by declining demand in its traditional sales markets due to the COVID-19 pandemic.

Steel output declined by 8% qoq (-3% yoy) to 3.9 m t, due to lower utilization rates at NLMK Russia Long Products and NLMK USA. Towards the end of the quarter capacity utilization in the long products segment began to recover, reaching 89% in June. Capacity utilization rates at NLMK's European companies and NLMK USA remain low (66% and 50% in June, respectively).

Sales grew by 2% yoy to 4.4 m t due to higher slab and pig iron exports; Q2 2019 saw overhauls at NLMK Lipetsk BF and BOF operations. Quarter on quarter, sales declined by 3%.

Sales in export markets grew to 2 m t (+51% qoq; +71% yoy), due to deliveries being redistributed to the Asian market amid lower demand in other sales markets in April and May. Exports of semi-finished products and finished rolled products increased by 76% and 22% qoq, respectively (+137% yoy and +17% yoy).

NLMK Group sales to 'home' markets declined by 24% qoq (-23% yoy) to 2.31 m t.

Contact:

Maria Simonova

Tel: +7 (915) 322 62 25

Email: simonovamn@nlmk.com

Hereinafter, Q2 2020 and 6M 2020 output and sales figures are preliminary and can by updated. Hereinafter, NLMK Group steel output and sales on 'home' markets are shown taking into account NBH performance. Product sales are shown without taking into account NBH performance. Sales to NLMK Group's 'home' markets are understood to be sales by NLMK Group companies in the regions where the products are produced in Russia, the EU, and the US.

(C) 2020 Electronic News Publishing, source ENP Newswire

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More news
Financials (USD)
Sales 2020 9 239 M - -
Net income 2020 1 170 M - -
Net Debt 2020 2 150 M - -
P/E ratio 2020 13,4x
Yield 2020 8,90%
Capitalization 15 391 M 15 391 M -
EV / Sales 2020 1,90x
EV / Sales 2021 1,70x
Nbr of Employees -
Free-Float -
Chart PUBLIC JOINT STOCK COMPANY "NOVOLIPETSK STEEL"
Duration : Period :
Public Joint Stock Company
Technical analysis trends PUBLIC JOINT STOCK COMPANY "NOVOLIPETSK STEEL"
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 24,33 $
Last Close Price 25,68 $
Spread / Highest target 9,03%
Spread / Average Target -5,27%
Spread / Lowest Target -29,9%
EPS Revisions
Managers
NameTitle
Grigory Vitalyevich Fedorishin President & Chairman-Management Board
Vladimir Sergeevich Lisin Chairman
Ben de Vos Vice President-International Operations
Shamil Ravilyevich Kurmashov Chief Financial Officer
Nikolai Alexeevich Gagarin Director