ArcelorMittal (MT) Forecasts Higher Profit As Europe’s Decline Ends

Mani

Published onFebruary 7, 2014

Updated on May 13, 2021

The world’s largest steel maker by volume expects modest improvement in the European Union after declines in 2012 and 2013.

ArcelorMittal (NYSE:MT) anticipates EBITDA would rise to around $8 billion in 2014 as against $6.89 billion clocked last year.

The world’s leading integrated steel and mining company today unveiled results for the three and twelve-month periods ended December 31, 2013.

Net loss narrows

ArcelorMittal (NYSE:MT) announced Friday a net loss of $1.23 billion, or 69 cents a share, in the three months ended December 31. This is against a net loss of $3.81 billion or $2.47 a share reported for the same period last year.

The...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

ArcelorMittal (MT) Forecasts Higher Profit As Europe’s Decline Ends

Net loss narrows

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