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ArcelorMittal reports first quarter 2010 results ... + Q2 exeones
ArcelorMittal reports first quarter 2010 results
http://www.arcelormittal.com/index.php?lang=en&page=49&tb0=410&tblng=1
ArcelorMittal reports first quarter 2010 results
* Press release - EN - FR - ES - PDF
* Press slides - EN - PDF
* Analysts slides - EN - PDF
* Media Webcast - 10.30 CET
English - French - Spanish
* Analysts Webcast - 15.30 CET
English
Luxembourg, April 29, 2010 - ArcelorMittal (referred to as "ArcelorMittal", or the "Company") (MT (New York, Amsterdam, Brussels, Luxembourg, Paris) MTS (Madrid)), the world's leading steel company, today announced results[1] for the three months ended March 31, 2010.
Highlights:
* Health and Safety frequency rate[2] consistent with Q4 2009
* Steel shipments of 21.5 million tonnes in Q1 2010, up 8% compared to Q4 2009
* Average steel selling prices down 3% in Q1 2010 compared to Q4 2009
* EBITDA[3] of $1.9 billion in Q1 2010
* Net debt[4] increased by $1.9 billion to $20.7 billion in Q1 2010, due to investment in working capital and M&A activity
Performance and industrial plan:
* Capacity utilisation increased to 72% in Q1 2010 from 70% in Q4 2009
* $2.9 billion of annualized sustainable cost reductions achieved by the end of first quarter of 2010; on track to achieve $5.0 billion of management gains by 2012
Guidance for the three months ended June 30, 2010:
* EBITDA expected to be between ...
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