ArcelorMittal announces the publication of its fourth quarter and full year 2023 sell-side analyst consensus figures
05 Febbraio 2024 - 10:15PM
5 February 2024, 22:15 CET
ArcelorMittal (‘the Company’) today announces the publication of
its fourth quarter and full year 2023 sell-side analysts’ consensus
figures.
The consensus figures are based on analysts’ estimates recorded
on an external web-based tool provided and managed by an
independent company, Visible Alpha.
To arrive at the consensus figures below, Visible Alpha has
aggregated the expectations of sell-side analysts who, to the best
of our knowledge, cover ArcelorMittal on a continuous basis. This
is currently a group of approximately 11 brokers.
The listed analysts follow ArcelorMittal on their own initiative
and ArcelorMittal is not responsible for their views. ArcelorMittal
is neither involved in the collection of the information nor in the
compilation of the estimates.
This consensus includes the previously announced effects of the
sale of the Company’s Kazakhstan operations to the Qazaqstan
Investment Corporation (‘QIC’) that took place on 7 December
2023.
4Q’23 and FY’23 consensus estimates
4Q’23
FY’23
- EBITDA ($m)
$1,200 $7,492
- Net (loss) / income
($m)*
$(1,645)
$2,239
- (Loss) / earnings
per share
($)* $(2.00) $2.65
In addition, considering the downward revisions to the expected
future cash flows of Acciaierie d'Italia (ADI), together with the
uncertainty regarding its future, the Company expects to fully
impair its investment in ADI (currently approximately $1.4 billion)
in the 4Q results. The resulting charge would be recorded below
operating income but is not reflected in the consensus net income
and earnings per share figures above.
The sell side analysts who cover ArcelorMittal and whose
estimates are included in the 4Q’23 group consensus outlined above
are the following:
-
Bank of America – Patrick Mann
-
CITI – Ephrem Ravi, Krishan Agarwal
-
Deutsche Bank – Bastian Synagowitz
-
Exane – Tristan Gresser*
-
Groupo Santander – Robert Jackson
-
ING – Stijn Demeester
-
Jefferies – Cole Hathorn
-
Keybanc – Phil Gibbs
-
Morgan Stanley – Alain Gabriel
-
Oddo – Maxime Kogge
-
UBS – Andrew Jones
Number of sell-side analyst participation for EBITDA consensus:
All 11 brokers.
* Number of sell-side analyst participation for net (loss) /
income and (loss) / earnings per share is 10 (excluding broker that
has not updated their model to reflect the impact of Kazakhstan
sale discussed above).
Disclaimer
Estimates based on Visible Alpha consensus dated 2.2.24. The
disclaimer is:
The information provided by Visible Alpha cited herein is
provided “as is” and “as available” without warranty of any kind.
Use of any Visible Alpha data is at a user’s own risk and Visible
Alpha disclaims any liability for use of the Visible Alpha data.
Although the information is obtained or compiled from reliable
sources Visible Alpha neither can nor does guarantee or make any
representation or warranty, either express or implied, as to the
accuracy, validity, sequence, timeliness, completeness or continued
availability of any information or data, including third-party
content, made available herein. In no event shall Visible Alpha be
liable for any decision made or action or inaction taken in
reliance on any information or data, including third-party content.
Visible Alpha further explicitly disclaims, to the fullest extent
permitted by applicable law, any warranty of any kind, whether
express or implied, including warranties of merchantability,
fitness for a particular purpose and non-infringement.
The consensus estimate is based on estimates, forecasts and
predictions made by third party financial analysts, as described
above. It is not prepared based on information provided or checked
by ArcelorMittal and can only be seen as a consensus view on
ArcelorMittal's results from an outside perspective. ArcelorMittal
has not provided input on these forecasts, except by referring to
past publicly disclosed information. ArcelorMittal does not accept
any responsibility for the quality or accuracy of any individual
forecast or estimate. This web page may contain forward-looking
statements based on current assumptions and forecasts made by
ArcelorMittal or third parties. Various known and unknown risks,
uncertainties and other factors could lead to material differences
between ArcelorMittal's actual future results, financial situation,
development or performance, and the estimates given here. These
factors include those discussed in ArcelorMittal's periodic reports
available on http://corporate.arcelormittal.com/.
Additional share buyback disclosure
The Company has also provided additional share buyback
information on the Company’s website summarizing the latest share
buyback transactions and provides a model for the latest weighted
average per share data. This information is updated each quarter
shortly after quarter close.
Link as follows: ArcelorMittal Shares Status As Of Dec 31
2023
About ArcelorMittal
ArcelorMittal is the world's leading steel
company, with a presence in 60 countries and primary steelmaking
facilities in 15 countries. In 2022, ArcelorMittal had revenues of
$79.8 billion and crude steel production of 59 million metric
tonnes, while iron ore production reached 50.9 million metric
tonnes.
Our purpose is to produce ever smarter steels
that have a positive benefit for people and planet. Steels made
using innovative processes which use less energy, emit
significantly less carbon and reduce costs. Steels that are
cleaner, stronger and reusable. Steels for electric vehicles and
renewable energy infrastructure that will support societies as they
transform through this century. With steel at our core, our
inventive people and an entrepreneurial culture at heart, we will
support the world in making that change. This is what we believe it
takes to be the steel company of the future.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal please
visit: http://corporate.arcelormittal.com/
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Contact
information ArcelorMittal Investor Relations |
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General |
+44 20 7543
1128 |
Retail |
+44 20 3214
2893 |
SRI |
+44 20 3214
2801 |
Bonds/CreditE-mail |
+33 171 921
026investor.relations@arcelormittal.com |
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Contact
information ArcelorMittal Corporate Communications |
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Paul
WeighTel:E-mail: |
+44 20
3214 2419press@arcelormittal.com |
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