NLMK's net profit under IFRS increased by 5.8 times in the first half of the year

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AK&M 22 July 2021 12:58

NLMK Group's net profit under IFRS in the first half of 2021 increased by 5.8 times to $2.1 billion. This is stated in the company's message.

Revenue increased by 51% to $7 billion, EBITDA increased by 2.7 times to $3.2 billion. The EBITDA margin increased by 21 p. p. to 46%. Free cash flow increased 2.1 times to $1.3 billion.

NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers in the world. NLMK Group's steel products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind installations. NLMK's production assets are located in Russia, Europe and the USA. The company's steel production capacity exceeds 18 million tons per year. 

NLMK's ordinary shares, with a free float of 20.7%, are traded on the Moscow Stock Exchange (ticker NLMK), and global depositary shares are traded on the London Stock Exchange (ticker NLMK:LI). The company's share capital is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble.