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