Key Developments: Novolipetsk Steel OAO (NLMK.MM)

NLMK.MM on Moscow Interbank Currency Exchange

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Latest Key Developments (Source: Significant Developments)

Novolipetskiy metallurgicheskiy kombinat OAO and SOGEPA agree on changes to NBH ownership
Wednesday, 4 Mar 2015 11:08am EST 

Novolipetskiy metallurgicheskiy kombinat OAO:Signs an agreement providing for the increase of SOGEPA's stake in NLMK Belgium Holdings (NBH) and joint management of NBH's businesses.NBH comprises production companies and service centres of the NLMK Europe Strip Division and two NLMK Europe Plate production companies.Under the agreement, SOGEPA's interest in NBH will increase from 20.5 pct to 49 pct.NLMK Group's and SOGEPA's existing respective put and call options over the SOGEPA shares will be terminated, and the NBH board of directors will be increased to include four representatives of NLMK Group and three representatives of SOGEPA.SOGEPA will also receive board seats at the principal production subsidiaries of NBH.NLMK Group and SOGEPA have agreed to support NBH in obtaining financing of its working capital.Says the shareholders will also make pro-rata contributions to the share capital of NBH.NLMK Group and SOGEPA have also agreed on a new stage of operational improvement programmes, targeting a return to profitability for the main NBH production companies, as well as the optimization of the structure of the entity's auxiliary strip production companies.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO and OMK sign 5 year extension of contract for slabs used in large diameter pipe production
Tuesday, 27 Jan 2015 07:00pm EST 

Novolipetskiy metallurgicheskiy kombinat OAO:NLMK and OMK Group (United Metallurgical Company), have extended their contract for the supply of Novolipetsk slabs for the production of large diameter pipes at the Vyksa Steel Works up to and including 2019.Under the contract, NLMK will continue to supply the continuously cast steel slabs featuring superior chemical composition and steel structure standards that are rolled into plates for the production of large diameter pipes at the Vyksa Steel Works (part of OMK Group).The initial contract between NLMK and OMK was signed in Aug. 2012; and in Nov. 2013 the companies signed an agreement of long-term cooperation for 2014-2017.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO gives Q4 2014 revenue outlook - Conference Call
Tuesday, 11 Nov 2014 09:00am EST 

Novolipetskiy metallurgicheskiy kombinat OAO:Expects Q4 2014 sales to increase by 2- 5 pct.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO announces Q4 2014 production outlook
Thursday, 16 Oct 2014 04:00am EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Expects steel and rolled product output in Q4 to decrease insignificantly due to planned maintenance works during the seasonal slowdown in demand in the domestic market, as well as resumed activities to master the production of sections at NLMK Kaluga.Says its steel output increased by 9.5 percent q-o-q to 4.131 m t. in Q3.Says total sales decreased by 2.4 percent to 3.741 m t in Q3 due to the fact that a part of long products was sold through sales channels with longer periods of revenue recognition.Expect group sales to grow by 3-5 percent in Q4 driven by recognition of the respective sales and exports growth.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO approves H1 2014 dividend payment
Tuesday, 30 Sep 2014 06:00am EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Resolves to pay out dividends for the first six month of 2014 on NLMK ordinary shares in the amount of 0.88 Russian rubles per share.Sets the date on which shareholders entitled to the dividends will be determined at Oct. 11.The dividend payment for nominal shareholders and professional securities market participants (trust managers) is up to and including Oct. 24; and for other persons - up to and including Nov. 18.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO recommends H1 2014 dividend payment
Wednesday, 13 Aug 2014 06:55am EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Recommends that the General Shareholders' Meeting approve dividends for H1 2014 on ordinary issued shares in the amount of 0.88 Russian rubles in cash per one ordinary share.The Board of Directors also recommended to set the date on which shareholders entitled to the dividends will be determined for Oct. 11.The total dividend payout will amount to $150 million, or 45 percent of NLMK US GAAP consolidated net profit for H1 2014.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO may pay $150 mln to shareholders for H1 2014-Interfax
Thursday, 7 Aug 2014 09:55am EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Novolipetskiy metallurgicheskiy kombinat OAO may pay $150 million in interim dividends for the first half of 2014, company President Oleg Bagrin said-Interfax."The board of directors has approved a recommendation to shareholders for payment of interim dividends totaling $150 million," Bagrin said during a conference call on.The dividend would amount to $0.02 per ordinary, 1 Russian ruble share, based on the size of NLMK share equity.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO comments on Q3 2014 outlook
Thursday, 7 Aug 2014 12:18am EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Says that financial performance of the group in Q3 2014 is expected to be in line with or marginally better than the Q2 results.Reports Q2 2014 revenue under US GAAP of $2,808 million, operating profit of $382 million, EBITDA of $594 million, net income of $158 million.Says that according to preliminary estimates, in Q3 2014 steel production will grow to 4 million tonnes.  Full Article

Novolipetskiy metallurgicheskiy kombinat OAO sees Q3 2014 steel output at 4 million tonnes
Monday, 21 Jul 2014 01:11am EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Says Q3 2014 steel output is expected to grow to 4 million tonnes.  Full Article

Appeal court upholds Novolipetskiy metallurgicheskiy kombinat OAO claim in proceedings with Maksimov-Interfax
Thursday, 3 Jul 2014 11:09pm EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Ninth Arbitration Court of Appeal has upheld the Feb. 7 ruling of the Arbitration Court in Moscow regarding Novolipetskiy metallurgicheskiy kombinat OAO's (NLMK) claim to recover 7.3 billion Russian rubles from the businessman Nikolay Maksimov-Interfax.The arbitration court ruled the Nov. 22, 2007 agreement on sale of stake in Maksi-grup to NLMK by Maksimov to be invalid and ordered Maksimov to return 7.3 billion rubles.  Full Article

UPDATE 1-Russian steelmaker NLMK beats quarterly forecasts, predicts sales uplift

MOSCOW, Nov 11 - Russian steelmaker NLMK reported a forecast-beating 77 percent jump in third-quarter net income from the previous three months and forecast growing sales for the rest of the year, supported by a weak rouble.

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