PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: Notice of Q4 and FY 2019 financial
results
30-Jan-2020 / 08:03 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
30 January 2020
Magnitogorsk, Russia
Notice of Q4 and FY 2019 financial results
PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS:
MAGN; LSE: MMK), one of the world's largest steel producers, will report its
IFRS results for Q4 and FY2019 on Wednesday, February 5, 2020.
Conference call will be held the same day at:
- 4.00 pm Moscow time,
- 1.00 pm London time,
- 8.00 am New York time.
To join the conference call, please dial:
Russian Number:
+7 495 646 9315 (Local access) / 8 800 500 98 63 (Toll free)
United Kingdom Number:
+44 207 194 3759 (Local access) / 0800 376 6183 (Toll free)
US Number:
+1 646 722 49 16 (Local access) / 1 844 286 06 43 (Toll free)
Conference ID: 32737593
The call will be recorded and there will be a replay facility available for
7 days as follows:
Russian Number:
+7 495 249 1671
United Kingdom Number:
+44 20 3364 5147
US Number:
+1 646 722 49 69
Replay Passcode: 418901577
Financial statements will be available at:
http://eng.mmk.ru/for_investor/financial_statements/ [1]
About MMK
MMK is one of the world's largest steel producers and a leading Russian
metals company. The Company'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 2018, the Company produced 12.7 mln tonnes of
crude steel and 11.7 mln tonnes of commercial steel products.
??? is an industry leader in terms of production costs and margin. MMK Group
had revenue in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln. MMK's debt
load is the lowest for the industry. Net debt/EBITDA ratio was -0.08? at the
end of 2018. The Company'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%.
Investor contacts
Veronika Kryachko
???.: +7 (3519) 25-75-01
E-mail: kryachko.vs@mmk.ru
Media contacts
Dmitry Kuchumov Oleg Egorov
???.: +7 (499) 238-26-13 ???.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru E-mail: egorov.oa@mmk.ru
ISIN: US5591892048
Category Code: NOR
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 43581
EQS News ID: 964007
End of Announcement EQS News Service
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(END) Dow Jones Newswires
January 30, 2020 02:03 ET (07:03 GMT)
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