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MTS - ArcelorMittal SA News Story

€27.22 -1.2  -4.3%

Last Trade - 17/09/21

Sector
Basic Materials
Size
Large Cap
Market Cap £25.09bn
Enterprise Value £30.33bn
Revenue £45.83bn
Position in Universe 12th / 728

BRIEF-Arcelormittal Reports EBITDA OF $5.1BN IN 2Q 2021

Thu 29th July, 2021 6:44am
July 29 (Reuters) - ArcelorMittal SA  MT.LU :
    * REG-ARCELORMITTAL REPORTS SECOND QUARTER 2021 AND HALF
YEAR 2021
RESULTS
    * ARCELORMITTAL SA - CAPEX UPDATE: FY 2021 CAPEX IS EXPECTED
TO
INCREASE TO $3.2BN
    * ARCELORMITTAL SA - 2Q 2021 OPERATING INCOME OF $4.4BN
COMPARES
TO $2.6BN IN 1Q 2021
    * ARCELORMITTAL SA - DEMAND OUTLOOK IMPROVING: COMPANY HAS
UPGRADED ITS GLOBAL APPARENT STEEL CONSUMPTION (ASC) FORECAST IN
2021 VERSUS. 2020 FROM +7.5% TO +8.5%
    * ARCELORMITTAL SA - EBITDA OF $5.1BN IN 2Q 2021, THE
STRONGEST
QUARTER SINCE 2008 AND 55.8% HIGHER THAN 1Q 2021
    * ARCELORMITTAL SA - FREE CASH FLOW18 OF $1.7BN GENERATED IN
2Q
2021
    * ARCELORMITTAL SA - NEW $2.2BN SHARE BUY-BACK PROGRAM:
    * ARCELORMITTAL SA - WILL RETURN $1.2BN PROCEEDS FROM
REDEEMED
CLEVELAND CLIFFS PREFERENCE SHARES
    * ARCELORMITTAL SA - HAS DECIDED TO ADVANCE $1BN AS PART OF
ITS
PROSPECTIVE 2022 CAPITAL RETURN TO SHAREHOLDERS AS A SHARE BUY
BACK PROGRAM TO BE COMPLETED BY END OF 2021
    * ARCELORMITTAL SA - NEW GROUP CO2 REDUCTION TARGET OF 25%
BY 2030
    * ARCELORMITTAL SA - NEW EUROPE CO2 REDUCTION TARGET OF 35%
(PREVIOUSLY 30%) BY 2030
    * ARCELORMITTAL SA - Q2 CRUDE STEEL PRODUCTION 17.8 MT
VERSUS 14.4
MT YEAR AGO
    * ARCELORMITTAL SA - Q2 STEEL SHIPMENTS 16.1 MT VERSUS 14.8
MT
YEAR AGO
    * ARCELORMITTAL SA - THERE WERE NO EXCEPTIONAL ITEMS FOR 2Q
2021
AND 1Q 2021
    * ARCELORMITTAL SA - Q2 TOTAL GROUP IRON ORE PRODUCTION 11.2
MT
VERSUS 13.5 MT YEAR AGO
    * ARCELORMITTAL SA - Q2 SALES USD 19.34 BILLION VERSUS USD
10.98
BILLION YEAR AGO
    * ARCELORMITTAL SA - Q2 NET INCOME ATTRIBUTABLE TO EQUITY
HOLDERS
OF PARENT USD 4.01 BILLION VERSUS LOSS USD 559 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE5cPmRn 
Further company coverage:  MT.LU 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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