OREANDA-NEWS. OJSC Novolipetsk Steel (NLMK), the LSE listed leading Russian steel producer, announced its consolidated results for the 1st Quarter 2007.

According to the press service of the company, in Q1 2007, NLMK’s sales revenue reached USD 1,750.2 million, an increase of 61% compared with the corresponding period of the previous year.

Cash flows from operating activities were USD 459.3 million.

Q1 2007 EBITDA amounted to USD 748.1 million, an increase of 93% compared with the corresponding period of the previous year. EBITDA margin for the first quarter 2007 was 43%, an increase of 7 percentage points compared with the first quarter 2006.

Cash and cash equivalents have made USD 898.3 million as of 31 March, 2007.

Total value of investments of OJSC Novolipetsk Steel (NLMK) in fixed assets for Q1 2007 amounts to USD 173.2 million.