ArcelorMittal 1Q Sales Below, Ebitda Inline With Estimates
Source: BFW (Bloomberg First Word)
Tickers
MT NA (ArcelorMittal)
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UUID: 7947283
(Bloomberg) -- ArcelorMittal says 1Q revenue $13.4b vs $14b est., 1Q Ebitda $927m vs $924.5m est.
Alert: HALISTER- 1Q adj. net loss $0.2b vs $0.4b in 4Q
- 1Q steel shipments rise 8.8% q/q, stable y/y
- 1Q iron ore shipments -2.2% y/y
- Net debt $17.3b vs $15.7b at year-end
- Expects FY Ebitda in excess of $4.5b (Bloomberg est. ~$4.8b)
- Impact of the improving steel spread environment is expected to be fully reflected in 2H results
- Expects to be FCF positive in 2016
Source: BFW (Bloomberg First Word)
Tickers
MT NA (ArcelorMittal)
To de-activate this alert, click here
UUID: 7947283