Mechel OAO (MTL) Reports FY 2021 Results
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PJSC Mechel: Mechel Reports the FY 2021 Financial Results
March 1, 2022 7:26 AM ESTMOSCOW, RUSSIA / ACCESSWIRE / March 1, 2022 / Mechel PAO (MOEX:MTLR)(NYSE: MTL), a leading Russian mining and steel group, announces financial results for the FY 2021.
Consolidated Results for the FY'2021
Mechel PAO's Chief Executive Officer Oleg Korzhov commented:
"The Group's consolidated revenue in 2021 amounted to 402.1 billion rubles, up by 51% year-on-year. EBITDA was 118.9 billion rubles, demonstrating a 190% growth year-on-year. EBITDA margin was 30%, doubling the EBITDA margin of 2020.
"Favorable trends on steel and metallurgical commodity... More
