ArcelorMittal SA logo

MTS - ArcelorMittal SA News Story

€24.38 0.2  1.0%

Last Trade - 22/04/21

Sector
Basic Materials
Size
Large Cap
Market Cap £22.53bn
Enterprise Value £28.76bn
Revenue £38.24bn
Position in Universe 13th / 727

BUZZ-ArcelorMittal: Dividend returns after stellar year, shares jump

Thu 11th February, 2021 8:08am
** Shares in ArcelorMittal  MT.AS  jump 3% after the world's
largest steelmaker unveiled a new $1 billion cost reduction plan
and restarted dividend payments after higher-than-expected Q4
earnings  urn:newsml:reuters.com:*:nL8N2KH1EH
    ** The company reported Q4 EBITDA of $1.73 bln, far higher
than company-provided poll of $1.47 bln  urn:newsml:reuters.com:*:nFWN2KH08Y
    ** "Cumulative returns and solid beat should be received
well by the market," Jefferies says
    ** JP Morgan says new capital returns policy implies
pro-forma 12% and 7% all-in return on its 2021 and 2022
estimates, respectively
    ** "On the actual earnings, Brazil and mining are the
standouts, on pricing and volumes, respectively," JPM adds
    ** ArcelorMittal also announced that finance chief Aditya
Mittal will take over as CEO from his father Lakshmi - "a
transition plan long in the works and understood by the market"
- Jefferies
    ** The stock tops Amsterdam's blue-chip index  .AEX 


 (piotr.lipinski@tr.com)
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