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OJSC MAGNITOGORSK IRON AND STEEL WORKS (FRA:US559189) PJSC Magnitogorsk Iron and Steel Works: Publication of the corporate Sustainability Report for 2019

Directive transparence : information réglementée

08/07/2020 09:53

PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: Publication of the corporate Sustainability Report for 2019

08-Jul-2020 / 09:53 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


Publication of the corporate sustainability report for 2019

 

8 july 2020

Magnitogorsk, Russia

 

 

PJSC MMK ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, today announces the publication of the corporate Sustainability Report for 2019 ("the Report"), prepared in compliance with the Global Reporting Initiatives (GRI) standards.

The Report addresses the sustainable development practices in place at MMK throughout the reporting period. The Report presents the most up-to-date and reliable information about the Company's activities to ensure its business continuity, occupational and industrial safety, environmental protection, strong corporate governance, deployment of innovative technologies and engagement with staff and local communities.

MMK, in its current activities and in its strategic development, invariably adheres to the principles of social responsibility. The publication of this Report reflects MMK's commitment to the mission and core principles of sustainable development, including the achievement of the UN's Sustainable Development Goals. MMK seeks to explore the best global business, governance, social and environmental practices and to integrate them into its diverse everyday operations.

The MMK Sustainability Report for 2019 is available on the corporate website in the section Investors / Annual Reports and Presentations of at: (Russian) (English)

A summary of the Sustainability Report for 2019 is available on the corporate website in the section Investors / Annual Reports and Presentations at: (Russian) (English)

 

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%.

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eSG contacts

Denis Kornev  
+7 (3519) 24-90-82
esg@mmk.ru

 

HEAD of Investor Relations

Veronika Kryachko
+7 (3519) 25-75-01
kryachko.vs@mmk.ru

 

Investor Relations department

ir@mmk.ru

 

KEY UPCOMING EVENTS IN 2020

Financial calendar

 

14 July

Q2 and 6M 2020 Trading Update

29 July

Q2 and 6M 2020 IFRS financials

13 October

Q3 and 9M 2020 Trading Update

22 October

Q3 and 9M 2020 IFRS financials

 

 



ISIN: US5591892048
Category Code: UPD
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 74351
EQS News ID: 1088771

 
End of Announcement EQS News Service

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