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ArcelorMittal adj. net loss of $0.4B

Feb. 05, 2016 6:20 AM ETArcelorMittal S.A. (MT) StockMTBy: Gaurav Batavia, SA News Editor
  • ArcelorMittal (NYSE:MT): Q4 Adj. net loss of $0.4B excl. impairment charges of $4.7B
  • Revenue of $13.98B (-25.3% Y/Y) misses by $750M.
  • FY15 total shipments at 84.6mmt vs. 85.1mmt.
  • FY16 Guidance: EBITDA to be in the excess of $4.5B assuming current raw material cost and spot steel spreads.
  • Capex spend at approx. $2.4B vs. $2.7B in 2015.
  • Lower interest expense of approx. $1.1B vs. $1.3B in 2015.
  • No dividend payment and lower cash taxes in 2016
  • Shares -8% PM.
  • Press Release

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