ArcelorMittal: exceeds consensus in 2017
(CercleFinance.com) - ArcelorMittal has published 2017 net income of 4.
6 billion dollars, against 1.8 billion dollars in 2016, with EBITDA up 34.4% at 8.4 billion dollars, slightly above the consensus of a little over 8.3 billion dollars.
The annual turnover of the steel giant rose by 21% to over 68.7 billion dollars, for steel shipments of 85.2 million tonnes, representing a 1.6% y-o-y increase in volumes.
The group has highlighted a decline in its debt to EBITDA ratio, which fell to 1.2x in 2017, against 1.8x in 2016. The group said that given the current trend in deleveraging, dividends will start at 10 cents per share in 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6 billion dollars, against 1.8 billion dollars in 2016, with EBITDA up 34.4% at 8.4 billion dollars, slightly above the consensus of a little over 8.3 billion dollars.
The annual turnover of the steel giant rose by 21% to over 68.7 billion dollars, for steel shipments of 85.2 million tonnes, representing a 1.6% y-o-y increase in volumes.
The group has highlighted a decline in its debt to EBITDA ratio, which fell to 1.2x in 2017, against 1.8x in 2016. The group said that given the current trend in deleveraging, dividends will start at 10 cents per share in 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.