PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: MMK Group publishes 2019 Annual
Report
18-May-2020 / 08:57 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
18 May 2020
Magnitogorsk, Russia
MMK Group publishes 2019 Annual Report
PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Group") (MICEX-RTS:
MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to
announce that the Annual Report for the year ended 31 December 2019 has been
published on the Company's corporate website.
The full report is available at:
http://eng.mmk.ru/upload/iblock/73a/AR%202019.pdf [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 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.: +7 (3519) 25-75-01
E-mail: kryachko.vs@mmk.ru
Media contacts
Dmitry Kuchumov Oleg Egorov
tel.: +7 (499) 238-26-13 tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru E-mail: egorov.oa@mmk.ru
ISIN: US5591892048
Category Code: ACS
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 64254
EQS News ID: 1048827
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 18, 2020 02:57 ET (06:57 GMT)
