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    NLMK   US67011E2046

NOVOLIPETSK STEEL

(NLMK)
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Novolipetsk Steel : Q2 and 6M 2021 NLMK Group Trading Update

07/13/2021 | 04:07am EDT

NLMK Group (LSE: NLMK, MOEX: NLMK) in Q2 2021 increased its sales by 11% qoq to 4.3 m t supported by a 5% qoq production growth. Sales to the Russian market increased by 8% qoq to 1.8 m t (+26% yoy).

Q2 2021 highlights:

  • Steel output increased by 5% qoq to 4.6 m t (+19% yoy) due to NLMK equipment ramp-up after the overhaul.
  • Sales increased by 11% qoq to 4.3 m t (-1% yoy) amid an increase in sales to the Russian market (+8% qoq; +26% yoy), as well as an increase in the supply of slabs and pig iron to export markets. Sales of semi-finished products to third parties increased by 57% qoq mainly due to the shipment of slabs; sales of finished products increased by 1% qoq to 2.7 m t (+12% yoy) amid a recovery in demand in key markets.
  • Sales in the 'home' markets totalled 2.8 m t (+1% qoq; +19% yoy).
  • Sales in export markets increased by 20% qoq to 1.4 m t (-30% yoy).

6M 2021 highlights:

  • Steel output increased by 11% yoy to 9 m t.
  • Sales totalled 8.2 m t (-7% yoy) with an increase in slab shipments to NLMK USA amid a strong consumption trend in the region.
  • Sales in the 'home' markets increased by 3% yoy to 5.5 m t, mainly due to shipments to the Russian market (+9% yoy).
  • Sales in export markets decreased by 23% yoy to 2.6 m t due to the high base effect. Volumes in H1 2020 were redistributed in favour of exports due to weak demand in Russia during quarantine restrictions.

Disclaimer

OAO NLMK - Novolipetskiy Metallurgicheskiy Kombinat published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 08:06:04 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 16 501 M - -
Net income 2021 5 202 M - -
Net Debt 2021 2 044 M - -
P/E ratio 2021 3,89x
Yield 2021 22,3%
Capitalization 18 447 M 18 447 M -
EV / Sales 2021 1,24x
EV / Sales 2022 1,55x
Nbr of Employees -
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 30,78 $
Average target price 38,07 $
Spread / Average Target 23,7%
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Managers and Directors
Grigory Vitalyevich Fedorishin President & Chairman-Management Board
Shamil Ravilyevich Kurmashov CFO, VP & Member-Management Board
Vladimir Sergeevich Lisin Chairman
Irene Spitzberg Vice President-Technology Development
Dmitry Kholkin Vice President-Digital Transformation & IT