Realisme schreef op 17 mei 2017 14:18:
[...]
Dank TB. Even opgezocht. AM probeert de fluctaties van de currencies t.o.v. de dollar te neutraliseren. Voor mij betekent dit dat de USD voor hen de currency is en dus als bv. de USD 5% zakt tov Euro, dat dat wel degelijk een behoorlijke impact op de euro koers heeft. Bijgaand stukje uit jaarverslag 2016 op pagina 13.
Because a substantial portion
of ArcelorMittal’s assets,
liabilities, sales and earnings
are denominated in currencies
other than the U.S. dollar (its
reporting currency), ArcelorMittal
has exposure to fluctuations in
the values of these currencies
relative to the U.S. dollar. These
currency fluctuations, especially
the fluctuation of the U.S. dollar
relative to the euro, as well as
fluctuations in the currencies
of the other countries in which
ArcelorMittal has significant
operations and sales, can have a
material impact on its results of
operations. In order to minimize its
currency exposure, ArcelorMittal
enters into hedging transactions to
lock-in a set exchange rate, as per
its risk management policies.