ArcelorMittal : Q2 2020 EBITDA guidance will be reached. A laboured exit from the crisis prompts us to lower our EBITDA estimates for 2020-21e
>A particularly challenging Q2 2020… as expected - Q2 2020 deliveries will likely be in the 13.5 mt -14.5 mt range, according to management (ODDO-BHF: 13.9 mt vs 19.5 mt in Q1), i.e. -25% to -30% on a sequential basis. We are forecasting a more marked fall in deliveries for the Europe and NAFTA divisions (significant exposure to the automotive sector). Fixed costs are expected to have fallen in the same proportion as deliveries (-25% to 30% vs Q1), resulting in a rela...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.