Public Joint Stock Co. Severstal Severstal's strategic update (4471P)
May 29 2018 - 2:00AM
UK Regulatory
TIDMSVST
RNS Number : 4471P
Public Joint Stock Co. Severstal
29 May 2018
Severstal's strategic update
Moscow, Russia - May 29, 2018 - PAO Severstal (MICEX-RTS: CHMF;
LSE: SVST), one of the world's leading vertically integrated steel
and steel-related mining companies, today announces its long-term
EBITDA growth strategic update.
In statements made during the recent St. Petersburg
International Economic Forum to the Russian media Alexandr
Shevelev, CEO of AO Severstal Management, said that PAO Severstal
expects to deliver additionally around 10-15% to its annual EBITDA
during the next five years as a result of the Company's operational
improvements, customer care initiatives and innovational
transformation of the business. He also admitted that the Company
operates in a cyclical industry and that actual figures can
vary.
More information on Severstal's operational enhancements will be
disclosed at the Company's annual Capital Markets Day in November
2018.
For further information, please contact:
Investor Relations
Evgeny Belov
T: +7 (495) 926-77-66
evgenii.belov@severstal.com
Public Relations
Anastasia Mishanina
T: +7 (495) 926-77-66
anastasia.mishanina@severstal.com
***
P Severstal is one of the world's leading vertically-integrated
steel and steel related mining companies, with assets in Russia,
Latvia and Poland. Severstal is listed on RTS and MICEX and the
company's GDRs are traded on the LSE. Severstal reported revenue of
$7,848 million and EBITDA of $2,577 million in 2017. Severstal's
crude steel production in 2017 reached 11.7 million tonnes.
www.severstal.com
***
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking
statements may and often do differ materially from actual results.
Any forward-looking statements reflect the Company's current view
with respect to future events and are subject to risks relating to
future events and other risks, uncertainties and assumptions
relating to the Group's business, results of operations, financial
position, liquidity, prospects, growth or strategies.
Forward-looking statements speak only as of the date they are
made.
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END
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