Update 08:00 uur: ArcelorMittal
Goedemorgen ArcelorMittal presenteert KW1-cijfers en hier zijn de highlights uit het persbericht:
Health and safety: LTIF rate of 0.72x in 1Q 2016, lower as compared to 0.83x in 4Q 2015 and 0.88x in 1Q 2015
EBITDA of $0.9 billion in 1Q 2016; 15.9% lower as compared to 4Q 2015 primarily reflecting the lagged effect of weak steel pricing, offset in part by higher steel shipments
? Net loss of $0.4 billion in 1Q 2016 as compared to net loss of $6.7 billion in 4Q 2015. Excluding exceptional and non-cash items2, adjusted net loss was $0.2 billion in 1Q 2016 as compared to adjusted net loss of $0.4 billion in 4Q 2015
Steel shipments of 21.5 Mt in 1Q 2016, an increase of 8.8% compared to 4Q 2015, and stable as compared 1Q 2015
1Q 2016 iron ore shipments of 13.1 Mt (-2.2% YoY), of which 7.8 Mt shipped at market prices (-16.8% YoY, reflecting revised focus on more cost-competitive operations)
1Q 2016 iron ore production of 14.1 Mt (-9.1% YoY); AMMC production of 6Mt (+7.2% YoY) and on track for FY’16 iron ore shipped at market prices >26Mt
Net debt higher at $17.3 billion as of March 31, 2016, as compared to $15.7 billion as of December 31, 2015, due largely to seasonal working capital investment ($1.2 billion) and forex ($0.5 billion). Giving effect to the sale of ArcelorMittal’s stake in Gestamp3, and the proceeds from the successful rights issue, pro-forma net debt as of March 31, 2016 was $13.3 billion4