Report
Emna Ben Bdira ...
  • Maxime Kogge

ArcelorMittal : Solid Q3 print in an unsupportive market

>Solid Q3 driven by resilient Europe and solid Brazil - ArcelorMittal released solid Q3 results with EBITDA of $ 1.58bn, down 15% QoQ and 26% y-o-y but 6% above consensus and 7% above ODDO BHF. The beat was mostly driven by resilient volumes and better costs (including raw mats) that offset lower shipments. By division, Brazil at $ 0.5bn was the sole higher vs Q2, thanks to better seasonality and good cost control. Despite a weaker environment, Europe at $0.4bn also ...
Underlying
ArcelorMittal SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Emna Ben Bdira

Maxime Kogge

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