ArcelorMittal

  • TickerMTL
  • ISINLU0323134006
  • ExchangeLuxembourg Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryLuxembourg
Research Department

INFORME DIARIO 31 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. EUROPA: AB INBEV, BNP, ESSILORLUXOTTICA, INTESA SANPAOLO, LINDE, LOREAL, NOKIA, VINCI, VIVENDI, VOLKSWAGEN. Alemania arrastra a Europa Los malos datos del PIB del 2T’20 en Alemania, que podrían anticipar sorpresas negativas en la periferia, provocaron la toma de beneficios en el resto de plazas de Europa, con caídas por encima del -3%. En el Euro STOXX todos los sectores registraron pérdidas, encabezadas por los financieros Ba...

Research Department

IBERIAN DAILY 31 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. MARKETS YESTERDAY AND TODAY Germany drags down Europe The poor 2Q’20 GDP data in Germany, which could augur negative surprises in the periphery, led to profit taking in the rest of the European indices, with drops of more than -3%. In the Euro STOXX, almost all the sectors were in the red, led by Banks and Insurance, whereas Travel & Leisure rose (+1.3%; after the strong rise in Francaise des Jeux) and Food fell the least. On the macro side, in the euro zone the ...

Francisco Rodriguez

ARCELOR MITTAL: 2Q’20 RESULTS (ANÁLISIS BANCO SABADELL)

2Q’20 vs. 2Q’19 Results: Sales: $ 10.976 Bn (-43.1% vs. -42.3% BS(e)); EBITDA: $ 707.0 M (-54.5% vs. -69.5% BS(e) and -69.0% consensus); Net Profit: $ -559.0 M ($ -447.0 M in 1H'19 vs. $ -749.0 M BS(e)); 1H’20 vs. 1H’19 Results: Sales: $ 25.82 Bn (-32.9% vs. -32.5% BS(e)); EBITDA: $ 1.674 Bn (-47.8% vs. -55.0% BS(e) and -54.8% consensus); Net Profit: $ -1.679.0 M ($ -33.0 M in 1H'19 vs. $ -1.869.0 M BS(e)). The results were better than we and the consensus expected in EBITDA, which reached US$ 707 M (vs. $ 475 M BS(e) and $ 482 M consensus). This was a result of the better cost perfor...

ING
ING Helpdesk

Benelux Morning Notes

AB InBev: Flaming June. AEGON: Expanding partnership with Santander in Spain. ArcelorMittal: Solid 2Q20 EBITDA and NFD beat. Econocom: Better net debt, supportive sales and debt guidance. H1 earnings low quality. Euronext: Another quarter another beat (6% on EBTIDA). Ontex: The King is dead, long live the King. Ordina: 2Q20 beat, strong cash flow, underlying revenue trends up despite Covid-19. Royal Dutch Shell: Underlying better? Keep an eye on quality. Telenet Group: Better EBITDA on lower sales, all guidance confirmed

Francisco Rodriguez

ARCELOR MITTAL: RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Rdos. 2T'20 vs 2T'19: Ventas: 10.976 M euros (-43,1% vs -42,3% BS(e)); EBITDA: 707,0 M euros (-54,5% vs -69,5% BS(e) y -69,0% consenso); BDI: -559,0 M euros (-447,0 M euros en 1S'19 vs -749,0 M euros BS(e)); Rdos. 1S'20 vs 1S'19: Ventas: 25.820 M euros (-32,9% vs -32,5% BS(e); EBITDA: 1.674 M euros (-47,8% vs -55,0% BS(e) y -54,8% consenso); BDI: -1.679,0 M euros (-33,0 M euros en 1S'19 vs -1.869,0 M euros BS(e)). Resultados mejores de lo esperado por nosotros y el consenso en EBITDA, quedando en los 707 M dólares (vs 475 M dólares BS(e) y 482 M dólares consenso). Esto ha sido así gracias...

1 director sold

A director at ArcelorMittal sold 2,667 shares at 18.192EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Research Department

INFORME DIARIO 31 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. EUROPA: AB INBEV, BNP, ESSILORLUXOTTICA, INTESA SANPAOLO, LINDE, LOREAL, NOKIA, VINCI, VIVENDI, VOLKSWAGEN. Alemania arrastra a Europa Los malos datos del PIB del 2T’20 en Alemania, que podrían anticipar sorpresas negativas en la periferia, provocaron la toma de beneficios en el resto de plazas de Europa, con caídas por encima del -3%. En el Euro STOXX todos los sectores registraron pérdidas, encabezadas por los financieros Ba...

Research Department

IBERIAN DAILY 31 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. MARKETS YESTERDAY AND TODAY Germany drags down Europe The poor 2Q’20 GDP data in Germany, which could augur negative surprises in the periphery, led to profit taking in the rest of the European indices, with drops of more than -3%. In the Euro STOXX, almost all the sectors were in the red, led by Banks and Insurance, whereas Travel & Leisure rose (+1.3%; after the strong rise in Francaise des Jeux) and Food fell the least. On the macro side, in the euro zone the ...

Francisco Rodriguez

ARCELOR MITTAL: 2Q’20 RESULTS (ANÁLISIS BANCO SABADELL)

2Q’20 vs. 2Q’19 Results: Sales: $ 10.976 Bn (-43.1% vs. -42.3% BS(e)); EBITDA: $ 707.0 M (-54.5% vs. -69.5% BS(e) and -69.0% consensus); Net Profit: $ -559.0 M ($ -447.0 M in 1H'19 vs. $ -749.0 M BS(e)); 1H’20 vs. 1H’19 Results: Sales: $ 25.82 Bn (-32.9% vs. -32.5% BS(e)); EBITDA: $ 1.674 Bn (-47.8% vs. -55.0% BS(e) and -54.8% consensus); Net Profit: $ -1.679.0 M ($ -33.0 M in 1H'19 vs. $ -1.869.0 M BS(e)). The results were better than we and the consensus expected in EBITDA, which reached US$ 707 M (vs. $ 475 M BS(e) and $ 482 M consensus). This was a result of the better cost perfor...

ING
ING Helpdesk

Benelux Morning Notes

AB InBev: Flaming June. AEGON: Expanding partnership with Santander in Spain. ArcelorMittal: Solid 2Q20 EBITDA and NFD beat. Econocom: Better net debt, supportive sales and debt guidance. H1 earnings low quality. Euronext: Another quarter another beat (6% on EBTIDA). Ontex: The King is dead, long live the King. Ordina: 2Q20 beat, strong cash flow, underlying revenue trends up despite Covid-19. Royal Dutch Shell: Underlying better? Keep an eye on quality. Telenet Group: Better EBITDA on lower sales, all guidance confirmed

Francisco Rodriguez

ARCELOR MITTAL: RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Rdos. 2T'20 vs 2T'19: Ventas: 10.976 M euros (-43,1% vs -42,3% BS(e)); EBITDA: 707,0 M euros (-54,5% vs -69,5% BS(e) y -69,0% consenso); BDI: -559,0 M euros (-447,0 M euros en 1S'19 vs -749,0 M euros BS(e)); Rdos. 1S'20 vs 1S'19: Ventas: 25.820 M euros (-32,9% vs -32,5% BS(e); EBITDA: 1.674 M euros (-47,8% vs -55,0% BS(e) y -54,8% consenso); BDI: -1.679,0 M euros (-33,0 M euros en 1S'19 vs -1.869,0 M euros BS(e)). Resultados mejores de lo esperado por nosotros y el consenso en EBITDA, quedando en los 707 M dólares (vs 475 M dólares BS(e) y 482 M dólares consenso). Esto ha sido así gracias...

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Nadège Tillier

Benelux Credit Digest/Corporate issuer profiles

Once again, it is with great pleasure that we present the twelfth edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate non-financial credits in Belgium, the Netherlands and Luxembourg.

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Marcel Klok
  • Nadège Tillier
  • Philippe Ledent
  • Timothy Rahill

BNLX+ Corporates/European and BeNeLux credit value mapping

Strategy and Supply: • Mildly bullish for 2020, with preference for less cyclical sectors • Expect corporate credit curves to flatten • CSPP targeting long end of the curve • ECB purchasing more new and recent issues under CSPP • BeNeLux supply to remain in line with 2019 . Selected sectors and BeNeLux names: • Food retailers: Always light in the darkness • Telecoms: KPN and Proximus focus on digitalisation to drive cost savings • Utilities: 2020 will be a fundamentally robust year Netherlands, Belgium and Luxembourg Economics: • Netherlands: Only a small slowdown th...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 02/12/2019 - Gazprom - FR

Gazprom (Achat) : RN de RUB1tn (€14 mds) sur les 9M-19 Azimut (Achat) : Prévoit d’émettre une obligation senior de maturité 7 ans ArcelorMittal (Achat) : Offre de rachat en numéraire sur les souches 2020 et 2021 Fiat Chrysler Automobiles (Achat) : Accord avec le syndicat UAW sur une nouvelle convention collective de 4 ans Evoca-9M-19 : Marge d’EBITDA de 22,3% (-1,1pt) Swissport (Achat)- 9M-19 : EBITDA de €329m (+54,8%) Picard (Vente) - S1-19/20 : Résultat opérationnel de €47m (+3,1%) Hapag-Lloyd (Conserver, versus Achat) : S&P con...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 02/12/2019 - Gazprom - EN

Gazprom (O/P): Net Profit of RUB1tn (€14bn) In the Nine-Month Period of 2019 Azimut (O/P): Plans To Issue a 7-Year Senior Bond With a Maturity of 7 Years ArcelorMittal (O/P): Tender Offer on the 2020 and 2021 Bonds Fiat Chrysler Automobiles (O/P): New 4-Year Collective Agreement with the UAW Evoca - 9M-19: EBITDA Margin of 22.3% (-1.1pt) Swissport (O/P) - 9M-19: EBITDA of €329m (+54.8%) Picard (U/P) - H1-19/20: Operating Income of €47m (+3.1%) Hapag-Lloyd (M/P Vs O/P): S&P Affirms The B+ Rating And Raises the Outlook To Positive

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 19/11/2019 - Aroundtown - FR

Aroundtown (Conserver) : Fusion avec TLG Immobilien (Achat) Erste Group Bank (Achat) : Emission d'un nouveau titre Tier 2 à mid-swap+130pbs Accor (Achat) : Cède 5,2% de sa filiale AccorInvest pour €204m Casino (Achat souches courtes, Conserver souches longues) : Nouvelle ligne de crédit syndiquée de €2 mds ArcelorMittal (Achat) : Finalise l'acquisition d'Essar Steel d’un montant de $5,8 mds Coty (Achat) : Acquisition de 51% du groupe Kylie Jenner pour $600m Volkswagen (Achat) : Revoit à la baisse ses perspectives de moyen-terme 2016-2020 ...

Russell Waller

Global TMT: UI/DRI Downgrade, VOD/HUTCH/TPG, Singapore, MTS

Global TMT: UI/DRI Downgrade, VOD/HUTCH/TPG, Singapore, MTS.

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