ltifr decrease in the number of accidents due to the implementation of measures aimed at improving the production safety culture and eliminating the root causes of accidents. - 4.6% Y-o-Y SPECIFIC AIR EMISSIONS Specific air emissions in 12M 2020 were down 4.6% y-o-y to 17.15 kg per tonne, driven by the construction and launch of Sinter Plant No. 5 in mid-2019, which boasts an advanced gas-cleaning system, coupled with the subsequent decommissioning of Sinter Plant No. 4. In Q4 2020, specific air emissions decreased by 1.6% q-o-q to 17.4 kg/tonne on the back of higher share of EAF steel in the total steel output. COVID-19 RESPONSE ? The COVID-19 response centre established at MMK and led by the CEO has continued to operate. In line with all the measures introduced in spring, office employees work remotely, the number of personnel at production sites is reduced, and shifts are separated by pauses. ? The Group continuously monitors the situation and takes all necessary steps to prevent the spread and reduce the risk of coronavirus infection. ? The stable demand in the domestic and international markets will support sales in Q1 2021. The premium product capacity utilisation rate will remain at 100%. ? The major increase in metallurgical raw material prices and positive dynamics of global prices for metal products will support the growth of prices for MMK Group's metal products in Q1 2021. OUTLOOK ? CAPEX for Q1 2021 is expected to grow q-o-q, in line with the implementation schedule for projects pursued under the Group's strategy. ? Operational excellence initiatives under the updated strategic initiatives will further boost the Group's profitability in Q1 2021. 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 Subscribe to our official MMK rolled steel. MMK turns out a broad range of steel products, with a predominant share of channel on Telegram to be the high-value-added products. In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 first to know about key MMK mln tonnes of commercial steel products. news. MMK is an industry leader in terms of production costs and margins. Group revenue in 2019 totalled USD 7,566 mln, with an EBITDA of USD 1,797 mln. MMK boasts the industry's lowest debt burden. Net debt/EBITDA ratio was -0.13? at the end of 2019. The Group's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's and S&P. MMK's ordinary shares are traded on the Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 15.7%. KEY UPCOMING EVENTS IN 2021 Veronika Kryachko +7 915 380 6266 kryachko.vs@mmk.ru Financial calendar ESG DEPARTMENT 27 January Video conference for retail investors, Finam Yaroslava Vrubel 2 February Q4 and 12M 2020 IFRS financials +7 982 282 9682 vrubel.ys@mmk.ru 10 February Citi virtual Russia Credit Investor Day 25 February Video conference for retail investors, Smart-lab Dmitry Kuchumov +7 985 219 2874 kuchumov.do@mmk.ru Oleg Egorov +7 903 971 8837 egorov.oa@mmk.ru ----------------------------------------------------------------------------------------------------------------------- ISIN: US5591892048 Category Code: TST TIDM: MMK LEI Code: 253400XSJ4C01YMCXG44 Sequence No.: 92233 EQS News ID: 1163163 End of Announcement EQS News Service =------------------------------------------------------------------------------------
(END) Dow Jones Newswires
January 26, 2021 01:55 ET (06:55 GMT)