22nd Jul 2020 07:00
PJSC Magnitogorsk Iron and Steel Works (MMK) PJSC Magnitogorsk Iron and Steel Works: Notice of Q2 & H1 2020 IFRS results 22-Jul-2020 / 08:00 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
| Notice of Q2 & H1 2020 IFRS results webcast & conference call 22 july 2020 Magnitogorsk, Russia | PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to invite the investment community to join MMK Q2 & H1 2020 IFRS results webcast & conference call. MMK management will hold a conference call on these financial statements on 29 July 2020 at 4:30 pm Moscow time (2:30 pm London time, 9:30 am New York time). Date: 29 July 2020 Time: 16:30 Moscow time14:30 London time9:30 New York time |
| | Russia | UK | USA | | | Local access | +7 495 646 9190 | +44 (0) 330 336 9411 | +1 323-794-2588 | | | Toll free | 8 10 800 2867 5011 | 0800 279 7204 | 888-220-8451 | |
| | Conference ID: 9109134 Webcast: To register for the webcast please use the following link. The call recording will be available for seven days via the following numbers: Call recording ID: 9109134 |
| | Russia | UK | USA | | | Local access | 8 10 800 2702 1012 | +44 (0) 207 660 0134 | +1 719-457-0820 | |
| | A presentation of the financial results and the IFRS financial statements can be found at: http://mmk.ru/for_investor/financial_statements/ |
| About MMK MMK is one of the world's largest steel producers and a leading Russian metals company. The Group'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, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products. ММК is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of USD 7,566 mln and EBITDA of USD 1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13х at the end of 2019. The Group'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%. | Subscribe to our official MMK channel in Telegram, to be the first to know about key MMK news. |
| Investor Relations Department Veronika Kryachko+7 (3519) 25-75-01[email protected] media contacts Dmitriy Kuchumov +7 (499) 238-26-13[email protected] Oleg Egorov+7 (499) 238-26-13[email protected] | | KEY UPCOMING EVENTS IN 2020 Financial calendar | | 29 July | Q2 and 6M 2020 IFRS financials | | 13 October | Q3 and 9M 2020 Trading Update | | 22 October | Q3 and 9M 2020 IFRS financials |
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| ISIN: | US5591892048 |
| Category Code: | NOR |
| TIDM: | MMK |
| LEI Code: | 253400XSJ4C01YMCXG44 |
| Sequence No.: | 77138 |
| EQS News ID: | 1098917 |
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| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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