EQS-News: PJSC Mechel : Mechel Reports the 1Q 2021 Financial Results
vom 20.05.2021, 11:30 Uhr
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PJSC Mechel : Mechel Reports the 1Q 2021 Financial Results
20.05.2021 / 12:30 MSK
MECHEL REPORTS THE 1Q 2021 FINANCIAL RESULTS
EBITDA[*] - 18.2 bln rubles (+39% compared to 1Q 2020)
Profit attributable to equity shareholders of Mechel PAO - 7.9 bln rubles
Moscow, Russia - May 20, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and steel group, announces financial results for the 1Q 2021.
Mechel PAO's Chief Executive Officer Oleg Korzhov commented:
"The Group's consolidated revenue in 1Q2021 was 76.0 billion rubles, which is 10% more than in the previous quarter. EBITDA reached 18.2 billion rubles, demonstrating an 88% growth quarter-on-quarter.