Thank you for subscribing
You have successfully unsubscribed from Severstal news
Please specify your subscription setting:
OAO Severstal (LSE: SVST) (“Severstal” or “the Company”), one of the world’s leading vertically integrated steel and mining companies, announces that it is today hosting a presentation to investors and analysts in London to update on its development strategy. Presentations will be given by the senior management team led by Chris Clark (Chairman) and Alexey Mordashov (Chief Executive Officer) setting out the Company’s strategic focus on steel and steel-related mining with the objective of becoming a global industry leader by EBITDA and delivering EBITDA margins of more than 20% through the cycle with industry leading ROCE.
The other members of the senior management team presenting will be:
Thomas Veraszto, Senior Vice President of Strategy and Corporate Development: Global market trends and opportunities; Alexei Kulichenko, CFO: Financial targets and strategy; Alexander Grubman, (CEO of Severstal Russian Steel), Vadim Larin (CEO of Severstal Resources). Sergei Kuznetsov (CEO of Severstal International) and Nikolai Zelenski (CEO of NordGold): Divisional strategies, operations and development priorities.
Alexey Mordashov, Chief Executive Officer, said: “We have focused Severstal on attractive markets and geographies, have a high degree of vertical integration and operate amongst the most efficient facilities in Russia and North America. As a result, we are well placed to address any immediate economic challenges whilst being strongly positioned to continue our strategic development.”
The key themes that will be addressed in today’s presentations are:
No additional disclosure will be made about current trading since the announcement of the Company’s Q2 and H1 2011 financial results released on 26th August 2011.
The event will take place in Central London. To register your interest in attending, please email Sarah Toase at Citi at email@example.com. Attendance is strictly limited to registered individuals. The presentations will begin at 2.00pm and will be webcast live on the Company’s website. Please go to www.severstal.com/eng/ir/webcasts to register and access.