HALISTER: ArcelorMittal 2Q Ebitda Beats; Expects FY Ebitda of Over $4.5b

ArcelorMittal 2Q Ebitda Beats; Expects FY Ebitda of Over $4.5b

(Bloomberg) -- ArcelorMittal says 2Q Ebitda $1.8b vs est. $1.51b, expects FY 2016 Ebitda to be in excess of $4.5b.
  • 2Q sales $14.7b vs est. $15.3b
  • 2Q steel shipments of 22.1mt, an increase of 2.9% q/q
  • Net debt decreased to $12.7 billion as of June 30, 2016
  • NOTE: July 28: ArcelorMittal Spain Agrees to Sell Zaragoza Plant to Megasa
  • NOTE: Of 34 analyst ratings, 14 are buy, 15 hold, 5 sell, with an average PT of EU5.3 implying ~-3% downside
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MT NA (ArcelorMittal)

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