You are here: Home > Steel News > Latest Steel News > NLMK’s...

NLMK’s sales revenues up 30 percent in Q1

Tuesday, 24 April 2018 13:42:19 (GMT+3)   |   Shanghai
       

In its financial results according to according to International Financial Reporting Standards (IFRS) for the first quarter of this year, Russian steelmaker NLMK Group's net profit totaled $502 million from a net profit of $322 million in the first quarter of 2017 and rising by 17 percent compared to the last quarter of 2017. The company's sales revenues amounted to $2.79 billion in the first quarter this year, up 30 percent year on year and decreasing by one percent quarter on quarter due to a seasonal drop in sales.

In the same quarter, NLMK Group's EBITDA went up by 31 percent year on year to $812 million, rising by three percent compared to the last quarter of 2017 while the EBITDA margin remained stable at 29 percent on year-on-year basis, with a one point increase from the previous quarter.

In the first quarter of this year, NLMK Group's sales volume increased by 13 percent year on year to 4.14 million mt, falling by five percent on quarter-on-quarter basis.


Similar articles

NLMK Group’s net profit and sales revenue rise in 2021

03 Feb | Steel News

NLMK Group's net profit down significantly in Q2

23 Jul | Steel News

NLMK Group expects its export share to increase in May

04 May | Steel News

NLMK Group’s net profit down 40.2 percent in 2019

12 Feb | Steel News

NLMK Group's net profit decreases in January-September

24 Oct | Steel News

NLMK Group posts lower net profit in H1

29 Jul | Steel News

NLMK Group’s net profit up 54 percent in 2018

07 Feb | Steel News

NLMK Group’s net profit up 63.3 percent in H1

31 Jul | Steel News

NLMK’s sales revenues up 32 percent in 2017 amid higher steel prices

20 Feb | Steel News

NLMK Group’s sales revenues up 36 percent in H1 amid higher prices

28 Jul | Steel News