OREANDA-NEWS. OJSC Novolipetsk Steel (“NLMK”, “the Group”), the LSE-listed leading Russian steel producer, today announced its preliminary consolidated US GAAP results for the year ended 31 December 2006.

Strong 2006 financial performance:
• Sales revenues amounted to USD 6,045.6 million (+38% year-on-year)
• Cash flow from operating activities was USD 1,585.1 million
• EBITDA amounted to USD 2,631.2 million (EBITDA margin 44%)
• Net profit was USD 2,066.0 million (+50% year-on-year)
• Cash and cash equivalents of USD 665.2 million as of 31 December, 2006