Novolipetsk Steel gets margins back on track in Q1
May 17, 2012 | 11:05 AM
Margins at Russia’s fourth-largest steelmaker, Novolipetsk Steel (NLMK), improved in the first quarter of 2012, compared with the previous three months, due to higher sales by its European assets and the relaunch of a facility at its long steel division, it was revealed in the company’s financial results on Thursday May 17.
NLMK’s earnings before interest, taxes, depreciation and amortisation (Ebitda) were up by 17% at $432 million in the first quarter, from $371 million in the fourth quarter of 2011.
Ebitda margin edged up to 14%, from 12% in the previous period. Revenue was flat at $3.1....
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