CONSENSUS: NLMK US GAAP EBITDA contracts almost 25% in Q4
MOSCOW. March 22 (Interfax) - OJSC Novolipetsk Steel (NLMK) made $366.14 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) to US GAAP in the forth quarter, down 24.2% from Q3, according to a consensus forecast by investment company and bank analysts surveyed by Interfax.
The analysts predict that NLMK net profits for the quarter will be down 36.1% at $106.7 million. Sales revenues, they say, will be down 8.2% at $2.76 billion.
Main NLMK US GAAP financials for Q4, $ mln:
| Sales revenues | EBITDA | Net profits | |
| Societe General | 2852 | 349 | 90 |
| Region | 2798 | 401 | 118 |
| Nomos-Bank | 2707 | 325 | 102 |
| Metropol | 2768 | 390 | 104 |
| Renaissance Capital | 2762 | 390 | 45 |
| BCS | 2840 | 409 | 166 |
| Ak Bars Finance | 2569 | 299 | 122 |
| Consensus | 2756,6 | 366,14 | 106,7 |
| Q3 2012 | 3 002 | 483 | 167 |
| Q4/Q3 | -8.2% | -24.2% | -36.1% |
NLMK plans to release its US GAAP financial report next week.
The NLMK group includes Novolipetsk Steel, NLMK USA, NLMK Europe, OJSC Stoilensky GOK, OJSC Altai-Koks, LLC VIZ-Stal and NSMMZ. NLMK's main owner is the chairman of its board of directors, Vladimir Lisin with 85.9% of its stock, which is consolidated on the balance sheet of Fletcher Group Holdings. Company management and members of the board of directors own 2.8% of its charter capital, and 11.3% of its stock is in free float.
