ArcelorMittal: Q3 falls short of consensus
(CercleFinance.com) - ArcelorMittal has published Q3 2018 EPS that is down one quarter year-on-year to 0.
89 dollar, as well as an 11.2% decline in EBITDA to 2.73 billion dollars, against the consensus of 2.75 billion dollars.
Again year-on-year, the steel giant's sales increased by 5% to 18.5 billion dollars, despite steel deliveries that are down 5.4% to 20.5 million tonnes.
"The progress the industry and our Company has made is significant but we remain cognizant of the challenges, including continued global overcapacity, and we remain concerned with the high level of imports in various markets," said group Chairman and CEO Lakshmi Mittal.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
89 dollar, as well as an 11.2% decline in EBITDA to 2.73 billion dollars, against the consensus of 2.75 billion dollars.
Again year-on-year, the steel giant's sales increased by 5% to 18.5 billion dollars, despite steel deliveries that are down 5.4% to 20.5 million tonnes.
"The progress the industry and our Company has made is significant but we remain cognizant of the challenges, including continued global overcapacity, and we remain concerned with the high level of imports in various markets," said group Chairman and CEO Lakshmi Mittal.
Copyright (c) 2018 CercleFinance.com. All rights reserved.