“NLMK group increased third quarter EBITDA by 7%

Moscow. 27 Oct. INTERFAX – NLMK Group (flagship asset – the JSC “Novolipetsk steel”) increased third quarter EBITDA by 7%, to $648 million compared with the second quarter, says the company.

According to the consensus forecast prepared by Interfax EBITDA in the last quarter increased by 6% to $640 million compared to the third quarter of 2016 EBITDA decreased by 4% ($674 million in July-September last year).

NLMK’s revenue in July-September remained at the previous quarter level of $ 2,551 billion (us$2,544 billion in the second quarter). The average forecast of analysts was $2,511 billion.

The company’s net debt at the end of the third quarter decreased by 29%, to $743 million amid rising free cash flow by 64%, to $533 million net debt/EBITDA ratio fell to 0.3 x from 0.4 x in the previous quarter.

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