At a meeting held on 25 October 2018, NLMK Group’s (LSE: NLMK) Board of Directors recommended the Company’s shareholders approve payment of Q3’18 dividends of RUB 6.04 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 21 December 2018.
In Q3 2018, steel output grew by 1% qoq to 4.4 m t (flat yoy); capacity utilization rate remained high at 99%. Group sales in Q3 2018 grew by 1% qoq to 4.4 m t (+4% yoy).
In line with the intention of the shareholders of NLMK Belgium Holdings SA (NBH), NLMK Group has decreased its holdings in NBH through the sale of its 2% stake to THN, an NBH-affiliated company.
