PJSC Magnitogorsk Iron and Steel Works: Notice of Q1 2020 Financial Results

PJSC Magnitogorsk Iron and Steel Works (MMK) 
PJSC Magnitogorsk Iron and Steel Works: Notice of Q1 2020 Financial Results 
 
24-Apr-2020 / 14:28 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            24 April 2020 
 
            Magnitogorsk, Russia 
 
     Notice of Q1 2020 IFRS financial results webcast & conference call 
 
 PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: 
  MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to 
      invite the investment community to join the MMK Q1 2020 IFRS financial 
            results webcast & conference call. 
 
            Date: Wednesday, April 29, 2020 
            Time: 
 
  2:00 pm Moscow time 
 12:00 pm London time 
7:00 am New York time 
 
            Participants: 
 
            Andrey Eremin, CFO 
 
            Mariya Nikulina, Finance Director 
 
            Veronika Kryachko, Head of IR 
 
            Conference call dial-in details: 
 
            Conference ID: 474530 
 
                 Russia        United Kingdom          USA 
Local access [phone] [phone] [phone] 
   Toll free  8 800 500 9271       0800 358 6374    800-581-5838 
 
           Registration for live audio webcast is available by the link [1]. 
 
  Please dial in 10-15 minutes prior to the scheduled time of the conference 
            call. 
 
 The call will be recorded and there will be a replay facility available for 
            7 days as follows: 
 
            Replay Passcode: 1073839 
 
                 Russia         United Kingdom         USA 
Local         8 10 800 2702     [phone]         +1 
access            1012               0134          719-457-0820 
 
 All related materials will be published on the Investors section [2] of the 
            Company's website. 
 
            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 2019, the Company produced 12.5 mln tonnes of 
            crude steel and 11.3 mln tonnes of commercial steel products. 
 
??? is an industry leader in terms of production costs and margin. MMK Group 
 had revenue in 2019 of $7,566 mln and EBITDA of $1,797 mln. MMK's debt load 
 is the lowest for the industry. Net debt/EBITDA ratio was -0.13? at the end 
  of 2019. 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 
 
tel.: [phone] 
 
E-mail: [e-mail] 
 
            Media contacts 
 
Dmitry Kuchumov            Oleg Egorov 
 
tel.: [phone]   tel.: [phone] 
 
E-mail: [e-mail] E-mail: [e-mail] 
 
ISIN:          US5591892048 
Category Code: NOR 
TIDM:          MMK 
LEI Code:      253400XSJ4C01YMCXG44 
Sequence No.:  60403 
EQS News ID:   1029625 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5987475440a6ad84e82ca61f03fb0420&application_id=1029625&site_id=vwd&application_name=news 
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9a9cb6a3abb790f4b1c57d50d4ca8705&application_id=1029625&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

April 24, 2020 08:28 ET (12:28 GMT)