EVRAZ plc holds Investor Day 2018
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, Head of Vanadium division Alexander Erenburg, Senior Vice-President, Commerce and Business development, Alexey Ivanov, Chief Executive Officer of EVRAZ North America, Conrad Winkler and Chief Financial Officer, Nikolay Ivanov.
The main focus of the presentation will be on global steel and raw material market trends, EVRAZ’ strategic priorities, as well as major development projects in Russia and North America.
The Company expects that in 2018 the effect on EBITDA from efficiency improvement program, which includes the customer focus and cost saving initiatives, will amount to c.US$290-300 million. The target is to maintain the pace of improvements with the effect of at least 3% from COGS or c.US$250-300 million per annum going forward.
Webcast and presentation:
A live webcast of the presentations will begin at 09:00am BST and will be accessible via this link.
The presentation will be also available on the Company’s website.