Brief: ArcelorMittal: Positive Free Cash Flow Outlook In 2024 And Beyond

ArcelorMittal SA

07/11/2024 06:33

Nov 7 (Reuters) - ArcelorMittal SA  MT.LU :
    * ARCELORMITTAL REPORTS THIRD QUARTER 2024 RESULTS
    * POSITIVE FREE CASH FLOW OUTLOOK IN 2024 AND BEYOND
    * FY 2024 CAPEX IS EXPECTED TO BE WITHIN PREVIOUSLY
COMMUNICATED
GUIDANCE RANGE ($4.5BN-$5.0BN).
    * COMPANY EXPECTS YEAR TO DATE INVESTMENT IN WORKING CAPITAL
TO
REVERSE BY YEAR END, SUPPORTING OUTLOOK FOR FREE CASH FLOW
GENERATION
    * COMPLETION OF COMPANY'S STRATEGIC GROWTH PROJECTS IS
EXPECTED TO
GENERATE ADDITIONAL EBITDA AND INVESTABLE CASH FLOW IN COMING
PERIODS
    * EXPECTS APPARENT DEMAND IN OUR AGGREGATE MARKETS TO BE
HIGHER IN
2H 2024 VERSUS. 2H 2023

Source text:  ID:nGNX1pvNrH 
Further company coverage:  MT.LU 

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