Evraz Plc EVRAZ plc holds Investor Day (5214E)
October 19 2018 - 2:00AM
UK Regulatory
TIDMEVR
RNS Number : 5214E
Evraz Plc
19 October 2018
EVRAZ plc holds Investor Day
19 October 2018 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the
"Company") announces that it will hold its Investor Day at 9:00 am
in London today.
The Investor Day will feature presentations by EVRAZ executives,
including Senior Independent Non-Executive Director Sir Michael
Peat, Chief Executive Officer Alexander Frolov, Vice-President,
Head of the Coal Division Sergey Stepanov, Head of Vanadium
division Alexander Erenburg, Senior Vice-President, Commerce and
Business development, Alexey Ivanov, Chief Executive Officer of
EVRAZ North America, Conrad Winkler and Chief Financial Officer,
Nikolay Ivanov.
The main focus of the presentation will be on global steel and
raw material market trends, EVRAZ' strategic priorities, as well as
major development projects in Russia and North America.
In 2019-22, EVRAZ is considering four major investment projects
with the target to increase sales of finished steel products to
local markets. Investment expenditures are expected to be in the
range of US$830-990 million per annum during 2019-2022. In 2018,
the CAPEX level is estimated at c.US$640-660 million.
The Company expects that in 2018 the effect on EBITDA from
efficiency improvement program, which includes the customer focus
and cost saving initiatives, will amount to c.US$290-300 million.
The target is to maintain the pace of improvements with the effect
of at least 3% from COGS or c.US$250-300 million per annum going
forward.
Webcast and presentation:
A live webcast of the presentations will begin at 09:00am GMT
and will be accessible via the following link:
http://webcasting.brrmedia.co.uk/broadcast/5ba510c7e2bf8a5d98d85468
The presentation could be downloaded here:
[http://www.rns-pdf.londonstockexchange.com/rns/5214E_1-2018-10-18.pdf]
The presentation will be also available on the Company's
website: http://www.evraz.com/investors/presentations/
###
For further information:
Investor Relations:
Irina Bakhturina
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
Media Relations:
Vsevolod Sementsov
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
media@evraz.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCKMMMGDRGGRZM
(END) Dow Jones Newswires
October 19, 2018 02:00 ET (06:00 GMT)
Evraz (LSE:EVR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Evraz (LSE:EVR)
Historical Stock Chart
From Jul 2023 to Jul 2024