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.