ArcelorMittal: beats expectations in Q1.

(CercleFinance.com) - ArcelorMittal has reported Q1 earnings of one billion dollars, with operating profit of 1.
6 billion dollars, against respectively -0.4 billion dollars and 0.3 billion dollars in the same period last year.

As such, the steel making giant has significantly exceeded the consensus, with an EPS of 33 cents and an EBITDA of over 2.2 billion dollars, compared to respectively 18 cents and two billion dollars expected by the consensus.

Again y-o-y, ArcelorMittal's turnover rose 20% to 16.1 billion dollars in the first quarter of 2017, with steel deliveries of 21.1 million tonnes, down 1.9% (0.9% like-for-like).


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