Sergey Malyshev: “Our company’s shares are reliable investments”

Sergey Malyshev: “Our company’s shares are reliable investments”

March 21, 2022

Nornickel builds its work on a long-term strategy.

#ARCTIC. #SIBERIA. THIS IS TAIMYR. Nornickel has held an annual q-and-a session. The speakers outlined the company’s priorities and indicators, answering questions about the company’s prospects and challenges, industrial safety and labor protection, wages and social benefits.

For example, senior vice president and financial director of the company Sergey Malyshev noted that Nornickel faced major external challenges. However, the previous crises experience shows that after some time the situation always returns to the development side.

“The Russian economy has changed a lot structurally, it has become much more stable and flexible. Nevertheless, we definitely need to act flexibly and quickly in order to adapt to changing conditions”, the expert explained.

He emphasized that he still considers the company’s shares a reliable long-term investment:

“There is no need to take drastic steps in the face of uncertainty. The most rational strategy is conservative, designed for a long period”.

Also, Sergey Malyshev spoke about the preparation of annual financial statements: Nornickel set an industry record for this project implementation speed and became the first one among global mining and metals companies in this indicator by publishing audited consolidated financial results under IFRS for 2021 on February 10.

The Nornickel head, Vladimir Potanin, in the interview with RBC also emphasized that it is important for the company to maintain process control:

“If our reaction to surrounding events is prompt and adequate, that is, we maintain control of our own navigation and we will be successful in the competitive struggle. Losing this control is the worst thing that can happen. But we won’t do that”.

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Text: Victor Tsaryov, Photo: Nornickel press office

March 21, 2022

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