ArcelorMittal : Un EBITDA du T1 plus bas en attendant un T2 (très) compliqué
>Un début d’année finalement plus difficile que prévu - Le T1 2020 semble avoir été plus difficile que prévu pour la plupart des divisions du groupe. Ceci résulte 1/ d’une faible hausse séquentielle des livraisons (+2% vs T4 2019) en dépit d’une saisonnalité favorable et 2/ d’une baisse des prix réalisés (-10 $/t) imputable au décalage dans la répercussion de la hausse des prix spots (jusqu’à 6 mois) ainsi qu’à une renégociation défavorable des contrats (notamment ave...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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