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

8 Jul 2020 08:53

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%.

Subscribe to our official MMK channel in Telegram, to be the first to know about key MMK news.

 

 

eSG contacts

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

 

HEAD of Investor Relations

Veronika Kryachko+7 (3519) 25-75-01kryachko.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 AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
16th Oct 20171:08 pmEQSPJSC Magnitogorsk Iron and Steel Works: MMK Aims Quarterly Dividend Payments
11th Oct 20177:02 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q3 and 9M 2017
3rd Oct 20177:01 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK EGM APPROVES DIVIDENDS FOR H1 2017
8th Sep 201712:13 pmEQSPJSC Magnitogorsk Iron and Steel Works: Notification and- public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
6th Sep 20176:59 amEQSPLACING OF 335,229,900 EXISTING ORDINARY SHARES IN MAGNITOGORSK IRON & STEEL WORKS (MMK)
5th Sep 20175:10 pmEQSLAUNCH OF AN ACCELERATED BOOKBUILD OFFERING
28th Aug 20177:01 amEQSPJSC Magnitogorsk Iron and Steel Works: Board of Directors recommends dividend for 1H 2017
9th Aug 20171:27 pmEQSPJSC Magnitogorsk Iron and Steel Works: Notification and- public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
7th Aug 20177:08 amEQSMMK Group Posts Q2 and H1 2017 IFRS Results
3rd Aug 20179:33 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q2&H1 2017 Financial Results
17th Jul 201712:32 pmEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q2 and H1 2017
13th Jun 20172:30 pmEQSPJSC Magnitogorsk Iron and Steel Works: Notification and- public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
6th Jun 20177:30 amEQSOJSC Magnitogorsk Iron and Steel Works: MMK Announces Business Name Change
26th May 201711:00 amEQSMMK Announces AGM Results
11th May 20177:00 amEQSMMK Group Posts Q1 2017 IFRS Results
5th May 201712:05 pmRNSNotice of Q1 2017 Financial Results
3rd May 20177:55 amRNSMMK Publishes 2016 Annual Report
24th Apr 20171:43 pmEQSMMK Board Meeting Results - Replacement
24th Apr 20171:25 pmEQSMMK Board Meeting Results - Replacement
24th Apr 20178:22 amRNSMMK Board Meeting Results - Replacement
24th Apr 20177:05 amRNSMMK Board Meeting Results
18th Apr 20178:56 amRNSMMK Group Trading Update for Q1 2017
28th Mar 20179:51 amRNSMMK 2017 CMD registration is now open
15th Mar 20178:21 amRNSMMK 2017 Capital Markets Day
22nd Feb 20177:00 amRNSMoody's revises MMK's rating outlook to stable
15th Feb 20177:03 amRNSMMK Group Posts Q4 and FY 2016 IFRS Results
10th Feb 201711:38 amRNSMMK Board Meeting Results
10th Feb 20177:00 amRNSNotice of Q4&FY 2016 Financial Results
26th Jan 20173:45 pmRNSSecond Price Monitoring Extn
26th Jan 20173:40 pmRNSPrice Monitoring Extension
26th Jan 20177:03 amRNSMMK announces Trading Update for Q4 and 12M 2016
23rd Dec 20167:05 amRNSMMK and ERG strike a strategic deal
7th Nov 20167:08 amRNSMMK Q3 2016 IFRS Results
2nd Nov 201612:55 pmRNSMMK to Initiate Sinter Plant Construction
2nd Nov 20168:10 amRNSNotice of Q3 & 9M 2016 IFRS Results
13th Oct 20167:00 amRNSMMK Group Trading Update for Q3 and 9M 2016
4th Oct 201611:39 amRNSMMK EGM Approves Dividends for H1 2016
25th Aug 201612:48 pmRNSMMK BD: new dividend policy, dividend for H1 2016
16th Aug 20161:02 pmEQSDGAP-Regulatory: MMK CFO no longer holds the office
5th Aug 20163:01 pmEQSDGAP-Regulatory: OJSC Magnitogorsk Iron and Steel Works: MMK held Q2 and 1H 2016 Results Conference Call
5th Aug 20167:09 amRNSMMK Q2 and H1 2016 IFRS Results
2nd Aug 20167:02 amRNSNotice of Q2 & H1 2016 IFRS Results
19th Jul 20167:05 amRNSMMK repays debt of MMK Metalurji
13th Jul 20168:14 amRNSReplacement - MMK Group Q2 2016 Trading Update
13th Jul 20167:04 amRNSMMK Q2 2016 IFRS Results
27th May 20168:41 amRNSMMK Announces AGM Results
24th May 20167:03 amRNSFitch Revises MMK's Outlook to Positive
6th May 20167:00 amRNSMMK Q1 2016 IFRS Results
29th Apr 20169:17 amRNSMMK Publishes 2015 Annual Report
29th Apr 20167:41 amRNSNotice of Q1 2016 Financial Results

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