Model portefeuille
Rendement portefeulle
+12.035 %

Rendement AEX
+33.325 %

Startdatum
01-01-2009

Startwaarde portefeuille € 74082.37

Startwaarde AEX
€ 245.94


Laatste update:
29-01-2010

ArcelorMittal reports third quarter 2017 results

Alleen voor leden beschikbaar, wordt daarom gratis lid!

10/11/2017 07:10
Luxembourg, November 10, 2017 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results[1] for the three month and nine month periods ended September 30, 2017.

Highlights:
Health and safety: LTIF rate of 0.67x in 3Q 2017 as compared to 0.72x in 2Q 2017 and 0.84x in 3Q 2016
Operating income of $1.2 billion in 3Q 2017 as compared to $1.4 billion in 2Q 2017; 2.5% higher YoY
EBITDA of $1.9 billion in 3Q 2017 as compared to $2.1 billion in 2Q 2017; 1.5% higher YoY
Net income of $1.2 billion in 3Q 2017 lower as compared to $1.3 billion in 2Q 2017 and higher as compared to $0.7 billion in 3Q 2016
Steel shipments of 21.7Mt in 3Q 2017, an increase of 1.0% as compared to 2Q 2017; +6.8% YoY; steel shipments of 64.2Mt in 9M 2017, up 0.6% YoY
3Q 2017 iron ore shipments of 15Mt (+8.1% YoY), of which 9.1Mt shipped at market prices (+12.3% YoY); 9M 2017 market price iron ore shipments at 27.2Mt, up 6.8% YoY
Net debt of $12.0 billion as of September 30, 2017, as compared to $11.9 billion as of June 30, 2017, primarily due to a negative foreign exchange impact ($0.2 billion)

Outlook and guidance:

Market conditions are favorable. The demand environment remains positive (as evidenced by the continued high readings from the ArcelorMittal weighted PMI) and steel spreads remain healthy.

The Company continues to expect cash needs of the business (capex ($2.9 billion), interest ($0.8 billion), cash taxes, pensions and other cash costs (totalling $0.9 billion) but excluding working capital investment and premiums paid to retire debt early) to be approximately $4.6 billion in 2017.

Given the improved market conditions, the Company now expects a full year 2017 investment in working capital of approximately $2.0 billion (as compared to previous guidance of approximately $1.5 billion).

Financial highlights (on the basis of IFRS[1]):
(USDm) unless otherwise shown
3Q 17 2Q 17 3Q 16 9M 17 9M 16

Sales 17,639 17,244 14,523 50,969 42,665
Operating income 1,234 1,390 1,204 4,200 3,352
Net income attributable to equity holders of the parent 1,205 1,322 680 3,529 1,376
Basic earnings per share (US$)[2] 1.18 1.30 0.67 3.46 1.48

Operating income/ tonne (US$/t) 57 65 59 65 52
EBITDA 1,924 2,112 1,897 6,267 4,594
EBITDA/ tonne (US$/t) 89 98 93 98 72
Steel-only EBITDA/ tonne (US$/t) 73 83 83 80 65



Crude steel production (Mt) 23.6 23.2 22.6 70.4 69.0
Steel shipments (Mt) 21.7 21.5 20.3 64.2 63.9
Own iron ore production (Mt) 14.2 14.7 13.7 42.9 41.3
Iron ore shipped at market price (Mt) 9.1 9.5 8.1 27.2 25.5

Commenting, Mr. Lakshmi N. Mittal, ArcelorMittal Chairman and CEO, said:

“Favorable market conditions have supported another solid quarterly performance, with EBITDA for the first nine months considerably improved year-on-year. Operating conditions continue to improve, with key indicators including the ArcelorMittal weighted PMI implying a positive outlook for 2018. While pleased with the progress that we are making, we operate in a competitive global environment which is characterized by overcapacity and high levels of imports. The implementation of our strategic plan Action 2020 remains a clear priority and we are making good progress in this regard.”


tijd 09.08
De AEX 551,06 +0,69 +0,13% Arcelor EUR 24,85 +53ct vol. 603.000



Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord


Copyrights © 2000 by XEA.nl all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.


Copyrights © DEBELEGGERSADVISEUR.NL