ArcelorMittal SA logo

MTS - ArcelorMittal SA News Story

€24.38 0.2  1.0%

Last Trade - 22/04/21

Basic Materials
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
    ** The company reported Q4 EBITDA of $1.73 bln, far higher
than company-provided poll of $1.47 bln*: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 

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.