NLMK forecasts the growth of sales in Russia
Edited by Rhod Mackenzie / 2015-05-21 12:51:30
NLMK expects the growth of sales in the Russian market due to the seasonal growth of activity though further narrowing of spreads between prices for metal products and prices for raw materials will influence on financial results.
NLMK said that on the results of Q1 2015 the loading of steel making capacities of the group reached 96% and the total sales rose by 3% against Q4 2014 to 4 mln tons primarily due to the growth of export.
EBITDA made up $638 mln, by 2% more than in Q4 and by 36% more than in Q1 2014.
Profitability by EBITDA rose to 29%.
The investment fell by 5% against Q4 to $116 mln. Free monetary flow made up $319 mln having fallen by 16% against Q4 and having risen by 18% against Q1 2014.
