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BRIEF- Russia's NLMK updates on its 2017 strategy execution
March 6, 2017 / 8:15 AM / 6 months ago

BRIEF- Russia's NLMK updates on its 2017 strategy execution

March 6 (Reuters) - Russian steel producer NLMK says:

* Presents an update on its strategy 2017 execution;

* Over the course of 2014-2016, NLMK’s strategy 2017 delivered a structural net EBITDA gain of $547 million per year;

* The key objective of strategy 2017, an annual net gain of $1 billion on 2013 EBITDA, remains unchanged;

* NLMK is on track to achieve this level by 2018 owing to newly launched capital expenditure (capex) projects and further operational efficiency improvements. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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