MMK among winners of international investor relations case competition
The non-commercial partnership Alliance for the Development of Financial Communications and Investor Relations (NP ARFI) held an award ceremony for the winners of the XI International IR/ESG-cases contest (2021). Magnitogorsk Iron & Steel Works took second place in the competition: its Head of Investor Relations Veronika Kryachko received a certificate of award.
When accepting the award, Veronika Kryachko noted the importance of working with retail investors for MMK and other large companies. "We strive to maintain a proactive, open dialogue with all representatives of the investment community. Retail investors are a new phenomenon for our stock market. Building effective communication with retail investors is an important tool of the IR programme aimed at increasing business value," stressed MMK's Head of Investor Relations.
MMK has been successful in working with the investment community: in the last five years the company's capitalisation has grown by 64%. In 2021, the Investor Relations Service held an Investor Day with the participation of the Chairman of the Board of Directors and the General Director of MMK ("MMK Online"), organized a visit to the MMK production site for analysts and investors, prepared the annual report for 2020 in accordance with best international practices, and maintained a constant and open dialogue with the investment community.
Magnitogorsk Iron & Steel Works' achievements in investor relations have repeatedly been noted at the federal and international levels: for example, British publication Communicate Magazine named MMK the winner of the Corporate & Financial Awards in the category "Best management of investor & analyst relations". In addition, Institutional Investor, a reputable publication that assesses the efficiency of companies in terms of investor relations, included MMK among the leaders of its ranking (fourth place in the Executive Team Emerging EMEA 2021 list).