10 maj: Danske Q1: Ser stadig resultat på lavt niveau (NY)
10 maj: Danske Q1: Realkredit Danmark med pæn fremgang
10-05-2012 08:07:00

ArcelorMittal Hit By Lower Pricing; Reaffirms Earnings Guidance

Relateret indhold
Relateret debat
05 feb - 
Den franske stålgigant Arcelormittal har fremlagt regns..
29 jan - 
den bedste swingtrader aktier jeg kender p.t.
29 jan - 
Er nede i USA med 6%, på mandag stiger den 8-10% det sa..

By Alex MacDonald

Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- Steel titan ArcelorMittal (MT) Thursday reported lower first-quarter earnings due in part to lower prices in some of its key markets, but it reaffirmed its earnings guidance for the first half of the year, citing improved demand sentiment in a number of key markets.

Steelmakers around the world are facing a profit-margin squeeze after raw material costs remained high in the first quarter relative to lower steel prices. ArcelorMittal has temporarily idled some of its production capacity in response to weak demand and is looking at divesting some of its non-core assets in order to reduce its debt and shore up its balance sheet.

The world's largest steelmaker, which accounts for some 6% of global steel production, said its sales rose 2.3% on the year in the first quarter to $22.7 billion as higher steel shipments helped offset lower average steel selling prices.

But its keenly-watched earnings before interest, taxes, depreciation and amortization, or Ebitda, dropped 24% on the year to $1.97 billion as costs rose. The figure beat analysts' expectations for Ebitda of $1.70 billion, according to a Dow Jones Newswires poll of eight analysts. First-quarter Ebitda was also up 15% compared with the fourth quarter.

"During the first quarter we saw improved sentiment in a number of key markets," said Chairman and Chief Executive Lakshmi Mittal. North American steel demand is improving, but "Europe remains the biggest challenge," he said.

The company said it expects its Ebitda for the first half of the year to be higher than the second half of last year.

Net profit attributable to shareholders dropped to $11 million from $1.07 billion a year earlier.

ArcelorMittal's shares closed Wednesday up 0.5%, or EUR0.05, at EUR12.41 a share, resulting in a market capitalization of EUR19.36 billion. ArcelorMittal's shares are down about 12% since the beginning of the year.

-By Alex MacDonald, Dow Jones Newswires; 44 20 7842 9328; alex.macdonald@dowjones.com

(END) Dow Jones Newswires

May 10, 2012 02:07 ET (06:07 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Dong Energy/dir: Ser stor fremtid for offshore-vind i USA

09-02-2016 15:42:56
Dong Energy udbygger satsningen på det amerikanske havvindmøllemarked med købet af projektrettighederne til et mere end 1000 megawatt stort udviklingsprojekt ud..

Pandora/CEO: Mere effektiv organisation koster 100 jobbet - NY

09-02-2016 12:14:20
Pandora er i gang med at ændre organisationen, og det kommer til at betyde, at der skal være 100 færre ansatte globalt. Oveni kommer de 40 ansatte, som Pandora ..

Aktier/åbning: Vestas til tops i comeback og Pandora til bunds

09-02-2016 09:21:14
Presset på de danske aktier ser ud til at aftage en smule tirsdag, efter C20 Cap-indekset mandag oplevede det største fald i eliteindeksets historie på 5,43 pct..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/middag: C20 får stærkt comeback trods Mærsk-skuffelse
2
Mærsk Q4: Line overrasker med underskud på bundlinjen - NY
3
Spar Nord/CEO: Turbulens i markedet driver over igen
4
USA/analytikere: Sådan skal Yellens tale tolkes
5
Danmark/aktier: C20 sætter rekord i højeste dagsstigning

Relaterede aktiekurser

Arcelor Mittal NY Regist.. 3,10 -4,0% Fald i aktiekurs
Arcelormittal 2,75 -4,5% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
11. februar 2016 01:23:17
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160210.1 - EUROWEB3 - 2016-02-11 01:23:17 - 2016-02-11 01:23:17 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x