EVRAZ plc holds Investor Day
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, Senior Vice-President, Commerce and Business development, Alexey Ivanov and interim CFO, Giacomo Baizini.
The main focus of the presentation will be on strategic deliverables and initiatives in Coal and Steel in Russia.
The Company expects that in 2016 its customer focus initiatives will have c.$110m effect on EBITDA along with its cost savings initiatives which will have c.$300m effect on EBITDA.
In 2016, CAPEX is expected at the level of c.$450m with 2017-2018 outlook of c.$500m.
The presentation is also available on the Company’s website: http://www.evraz.com/investors/presentations/
For further information:
London: +44 207 832 8990 Moscow: +7 495 232 1370
London: +44 207 832 8998 Moscow: +7 495 937 6871