ArcelorMittal : Lower-than-expected Q1 2020 EBITDA pending a (very) complicated Q2
>Start of the year proved more challenging than expected ultimately - Q1 2020 seems to have been tougher than expected for most of the group’s divisions. This was due to 1/ a small sequential increase in deliveries (+2% vs Q4 2019) despite favourable seasonality and 2/ a decline in realised prices (-$10/t) due to the lag in passing on the increase in spot prices (up to 6 months) and unfavourable contract renegotiations (notably with the automotive industry). We estima...ArcelorMittal is a steel company, based in Luxembourg, with operations in more than 60 countries. Co. is active in all major global steel markets, including automotive, construction, household appliances and packaging, as well as activities in Research & Development and technology, with captive supplies of raw materials and its own distribution network. Co. has an industrial presence in over 20 countries spanning four continents, covering key steel markets, from emerging to mature. Co. offers a complete spectrum of steel products from commodity steel to value-added products, from long products to flat, from standard to specialty products, from carbon steel to stainless steel and alloys.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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