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Mechel to disclose 6-month performance results on August 15

Mechel plans to disclose its group's operating and financial performance results for the first half of 2019 on August 15, 2019, the company informed.

Mechel PAO (tax number: 7703370008) is one of the leading Russian companies. The company's profile covers 4 business segments: mining, metallurgical, ferroalloy industry and power engineering. The company unites manufacturers of coal, iron-ore concentrate, nickel, steel, rolled products, high-added value products, thermal and electric energy. Mechel's goods are sold in Russia and worldwide.

In 2018, IFRS net profit of Mechel Group increased by 9% year-on-year to RUB 12.628 billion. As a whole, the group's profit for the reporting period increased by almost 8% to RUB 13.536 billion. Adjusted EBITDA decreased by 7% to RUB 75.667 billion, EBITDA margin was 24% against 27% a year earlier. Consolidated revenue amounted to RUB 312.574 billion increasing by 5%. The company's net debt, excluding fines and penalties on overdue amounts amounted to RUB 467.704 billion on December 31, 2018 against RUB 466.873 billion at the end of 2017.

"AK&M", 13.08.2019 14:14


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