reports
ArcelorMittal announces results of its General Meeting
ArcelorMittal announces results of its General Meeting 30 April 2024, 18:15 CET The Annual General Meeting (‘General Meeting’) of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions by a strong majority. 78.47% of the voting rights were represented at the General Meeting. The results of the votes will be posted shortly on under ‘Investors – Equity investors – Shareholders events – AGM – Annual General Meeting of shareholders, 30 April 2024’ where the full documentation regarding the General Meeting is available. In particular, the shareholders: Approved the ...
SSAB AB: 2 directors
Two Directors at SSAB AB bought 15,813 shares at between 60.100SEK and 61.060SEK. The significance rating of the trade was 70/100. 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 t...
ArcelorMittal S.A.: ArcelorMittal announces the publication of its fir...
ArcelorMittal S.A.: ArcelorMittal announces the publication of its first quarter 2024 sell-side analyst consensus figures 25 April 2024, 14:30 CET ArcelorMittal (‘the Company’) today announces the publication of its first quarter 2024 sell-side analyst consensus figures. The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha. To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover Ar...
- Johannes Grunselius
SSAB (Buy, TP: SEK100.00) - Impressive earnings resilience
Q1 proved another solid quarter, aided by impressive earnings resilience in SSAB Special Steels and SSAB Europe. While we have lowered our 2024-25 forecasts for SSAB Americas, this is offset by a more positive view on SSAB Special Steels and SSAB Europe, meaning our group earnings are largely unchanged. We reiterate our BUY, but given the stock is now trading ex-dividend (DPS of SEK5), we have lowered our target price to SEK100 (SEK105).
- Chaima Ferrandon
- Sven Edelfelt
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- Chaima Ferrandon
- Sven Edelfelt
AI AIR LIQUIDE SA
IPN IPSEN SA
DB1 DEUTSCHE BOERSE AG
KNEBV KONE OYJ CLASS B
RNO RENAULT SA
KPN ROYAL KPN NV
COV COVIVIO SA
ROG ROCHE HOLDING LTD
ORA ORANGE SA
SSAB A SSAB AB CLASS A
FGR EIFFAGE SA
KER KERING SA
RAND RANDSTAD NV
ENI ENI S.P.A.
ASM ASM INTERNATIONAL N.V.
ASSA B ASSA ABLOY AB CLASS B
INGA ING GROEP NV
AD KONINKLIJKE AHOLD DELHAIZE N.V.
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
EPI A EPIROC AB
- Emna Ben Bdira
- Maxime Kogge
SSAB : Sound Q1 results thanks to Special Steels and Europe, decent Q2...
>Q1 a strong beat on Europe and Special Steels, Americas more underwhelming - SSAB delivered better-than-expected Q1 results with EBITDA at SEK 4.1bn, 18% > consensus and 26% > ODDO BHF. The beat was essentially driven by the Special Steels division which achieved SEK 2.1bn of EBITDA, 45% > consensus on very sound volume growth (+17% q-o-q) as good demand in material handling offset weakness in construction. Europe also outperformed with EBITDA at SEK 0.6bn, 44% > con...
- Emna Ben Bdira
- Maxime Kogge
SSAB : Sound Q1 results thanks to Special Steels and Europe, decent Q2...
>Q1 a strong beat on Europe and Special Steels, Americas more underwhelming - SSAB delivered better-than-expected Q1 results with EBITDA at SEK 4.1bn, 18% > consensus and 26% > ODDO BHF. The beat was essentially driven by the Special Steels division which achieved SEK 2.1bn of EBITDA, 45% > consensus on very sound volume growth (+17% q-o-q) as good demand in material handling offset weakness in construction. Europe also outperformed with EBITDA at SEK 0.6bn, 44% > con...
ArcelorMittal S.A.: ArcelorMittal publishes its 2023 Integrated Annual...
ArcelorMittal S.A.: ArcelorMittal publishes its 2023 Integrated Annual Review 23 April 2024, 15:00 CET Today, ArcelorMittal (‘the company’) published its 2023 Integrated Annual Review (‘IAR’), which can be accessed here . The 2023 IAR, ‘Preparing for the future’, is structured in nine main chapters: Our business and material issues Driving change in our safety performanceResponsible energy use and lower-carbon futuresAir, water, land, biodiversity and ecosystemsDelivering a circular economy through innovationValue chains our stakeholders trustAttracting, retaining and developing...
ArcelorMittal S.A.: ArcelorMittal publishes interim update on its comp...
ArcelorMittal S.A.: ArcelorMittal publishes interim update on its company-wide safety audit 10 April 2024, 16:45 CET ArcelorMittal (‘the Company’) announced in December 2023 that it had engaged dss+, a leading provider of sustainable operations management consulting services, to conduct a company-wide audit of its safety practices. Today, it shares a first interim update about what has been achieved in the first three months of the audit, and the scale and scope of the work underway. The complete audit is expected to take nine months to complete with the key recommendations due to be pu...
- Ahmed Ben Salem
- Ahmed Ben Salem
- Emna Ben Bdira
- Maxime Kogge
Salzgitter : Higher results still hypothetical and higher capex weighi...
>Higher 2024 results still hypothetical - Salzgitter had a decent 2023 year with EBITDA coming at € 677m in the middle of the € 650-700m guidance, although this had been revised down vs the initial € 750-850m due to the fraud suffered by Aurubis and the weaker European steel market. Q4 was especially difficult with EBITDA down 12% q-o-q to € 101m, its lowest since Covid due to the margin squeeze from lower prices and higher raw materials as well as the cost of restar...
- Emna Ben Bdira
- Maxime Kogge
Salzgitter : L’amélioration des résultats reste encore hypothétique et...
>Perspectives d’amélioration 2024 encore hypothétiques - Salzgitter a réalisé une année 2023 en demi-teinte avec un EBITDA de 677 M€ dans le milieu de la guidance de 650-700 M€ mais celle-ci avait été révisée en baisse vs 750-850 M€ initialement prévus en raison de la fraude subie par Aurubis et de la dégradation du marché européen de l’acier. Le T4 a été particulièrement difficile avec un EBITDA en baisse de 12% q-o-q à 101 M€, au plus bas depuis le COVID à cause du...
- Johannes Grunselius
SSAB (Buy, TP: SEK105.00) - Transformational story is unfolding
Due to negative effects from the ongoing strikes in Finland and a more cautious view on prices for the America’s division, we have cut our EBITDA for 2024e by c9%. More importantly, we have also revised our long-term forecast following SSAB’s cSEK50bn capex plan to turn the Lulea steel mill into a new fossil-free mini-mill system by 2028e that we estimate will mean at least SEK5bn structurally higher annual EBITDA. Reflecting the estimate cuts and heavier capex than previously assumed, we have c...
- Chaima Ferrandon
- Sven Edelfelt
- Chaima Ferrandon
- Sven Edelfelt
- Emna Ben Bdira
- Maxime Kogge
ArcelorMittal : Q1 preview: impacted by lower iron ore and steel price...
>Lower steel prices due to China - The market context has deteriorated in recent weeks mainly due to China where production remains too high faced with still lacklustre domestic demand, notably in construction. Chinese prices are currently trending at an 18-month low, putting pressure on other global markets, which have also been pointing downwards in the last two months. European prices have returned to their end-2023 levels with the persisting gloomy environment and...
- Emna Ben Bdira
- Maxime Kogge
ArcelorMittal : Preview T1 : impacté par la baisse des prix du fer et ...
>Baisse des prix de l’acier à cause de la Chine - Le contexte de marché s’est dégradé ces dernières semaines principalement à cause de la Chine où la production reste trop élevée face à une demande intérieure toujours atone notamment dans la construction. Les prix chinois évoluent actuellement à des plus bas de 18 mois et font pression sur les autres marchés mondiaux orientés également à la baisse depuis deux mois. Les prix européens sont revenus à leurs niveaux de fi...
ArcelorMittal publishes convening notice for its Annual General Meetin...
ArcelorMittal publishes convening notice for its Annual General Meeting of shareholders 29 March 2024, 08:00 CET ArcelorMittal (the ‘Company’) announces the publication of the convening notice for its Annual General Meeting of shareholders (the ‘General Meeting’), which will be held on 30 April 2024 at 3 p.m. CET at the Company’s registered office, 24-26, boulevard d’Avranches, L-1160 Luxembourg, Grand-Duchy of Luxembourg. The ArcelorMittal shareholders entitled to vote at the Annual General Meeting will be those who are shareholders on the record date of 16 April 2024 at mid...
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