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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
10th Sep 20097:00 amRNSMMK Q2 2009 IAS Financial Results
7th Sep 20091:01 pmRNSMMK Notice of 2Q 2009 IAS Results
3rd Aug 20099:54 amRNSMMK 2008 Annual report
31st Jul 20097:23 amRNSMMK Q2 2009 financial results under RAS
27th Jul 20097:00 amRNSMMK Q2 2009 Trading update
11th Jun 20097:00 amRNSMMK Q1 2009 IAS Results
8th Jun 20098:29 amRNSNotice of Q1 2009 results
3rd Jun 200912:23 pmRNSMMK completes acquisition
22nd May 200910:00 amRNSResult of AGM
21st May 20091:15 pmRNSMMK 2008 Annual Information Update
30th Apr 20098:13 amRNSMMK FY2008 IAS results
23rd Apr 20091:14 pmRNSNotice of Results
21st Apr 20097:00 amRNSMMK Q1 2009 financial results under RAS
15th Apr 20097:00 amRNSMMK Q1 2009 Trading Statement
14th Apr 200910:02 amRNSResult of Board of Directors Meeting Replacement
14th Apr 20097:00 amRNSResult of Board of Directors Meeting
26th Feb 20097:00 amRNSMMK reports payment of dividends H1 2008
13th Feb 200911:50 amRNSResult of EGM
13th Feb 200911:42 amRNSResult of Meeting-Notice of AGM
13th Feb 20097:59 amRNSTrading Statement
15th Jan 20093:40 pmRNSPrice Monitoring Extension
12th Jan 20097:00 amRNSDividend payout for 2007
30th Dec 20083:45 pmRNSSecond Price Monitoring Extn
30th Dec 20083:40 pmRNSPrice Monitoring Extension
30th Dec 20087:18 amRNSMMK and Sberbank Sign Credit Facility Agreement
19th Dec 200811:44 amRNSDecision of Board of Directors
11th Dec 20087:00 amRNS3rd Quarter Results
4th Dec 200812:47 pmRNSNotice of Results Replacement
4th Dec 200812:23 pmRNSNotice of Results
28th Nov 20083:45 pmRNSSecond Price Monitoring Extn
28th Nov 20083:40 pmRNSPrice Monitoring Extension
4th Nov 20083:47 pmRNSSecond Price Monitoring Extn
4th Nov 20083:40 pmRNSPrice Monitoring Extension
24th Oct 20083:40 pmRNSPrice Monitoring Extension
22nd Oct 200810:54 amRNSMMK redeems USD300 mln Eurobond
21st Oct 20087:00 amRNS3Q 2008 Trading Update
2nd Sep 20087:00 amRNSResult of EGM
20th Aug 20087:00 amRNSInterim Results
13th Aug 20087:00 amRNSNotice of Results
18th Jul 20087:12 amRNSDecision of Board
15th Jul 20089:34 amRNSTrading Update
20th May 200810:58 amRNSMMK 1st Quarter 2008 US GAAP
13th May 20088:10 amRNSNotice of Results
30th Apr 20081:45 pmRNSAnnual Report and Accounts
28th Apr 20089:02 amRNSComposition of the Board
25th Apr 200812:51 pmRNSAGM Statement
15th Apr 20089:47 amRNSRAS Results
28th Mar 20083:40 pmRNSPrice Monitoring Extension
25th Mar 20087:00 amRNSDecisions of the Board
17th Mar 200811:40 amRNSMMK announces 2007 results

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