ArcelorMittal LU1598757687

Arcelor Mittal November 2017

1. Kogovus 10 november 2017 07:16

   auteur info

   • Kogovus

     Lid sinds: 17 apr 2016

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 796

     Gegeven: 157

   •    Aantal posts: 5.641

   Hmm, de verschillen in gedachten over het resultaat worden duidelijk, de een zegt prachtig de ander boem, nog een ander very bad.
   
   Ik vertaal het geheel dusver als een neutraal rapport, niet goed niet slecht, we zullen het zien.
2. ajax1954 10 november 2017 07:17

   auteur info

   • ajax1954

     Lid sinds: 10 okt 2003

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 471

     Gegeven: 33

   •    Aantal posts: 1.700

   gooi die steelfollower eruit die kraamt maar wat operator vervuilt de site
3. robo23 10 november 2017 07:18

   auteur info

   • robo23

     Lid sinds: 14 aug 2007

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 134

     Gegeven: 78

   •    Aantal posts: 1.185

   Mooie cijfers, EBITDA hoger dan consensus, hogere net income en positieve outlook.
   Heel geruststellend!
4. ajax1954 10 november 2017 07:18

   auteur info

   • ajax1954

     Lid sinds: 10 okt 2003

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 471

     Gegeven: 33

   •    Aantal posts: 1.700

   winst 50 miljoen meer dan verwacht en goede vooruitzichten oogt niet slecht maar beure reageert grilligop cijfers
5. Piet Particulier 10 november 2017 07:19

   auteur info

   • Piet Particulier

     Lid sinds: 21 jan 2016

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 166

     Gegeven: 49

   •    Aantal posts: 1.321

   Cijfers zijn echt niet zo goed als jullie beweren hoor. Meer verkopen en lagere winst. Ze moeten 500 miljoen meer investeren dan voorheen gedacht werd in NWK. Rek is er wel uit
6. Mr novice 10 november 2017 07:20

   auteur info

   • Mr novice

     Lid sinds: 06 feb 2017

     Laatste bezoek: 12 jul 2023

   • Aanbevelingen

     Ontvangen: 17

     Gegeven: 13

   •    Aantal posts: 103

   quote:

   Dicall69 schreef op 10 november 2017 07:12:

   [...]
   
   Wat ik zo snel heb gekeken geen tegenvallers en zo te zien echt beter dan verwacht dan zeg ik een koers van tegen de € 26,- mogen wij toch zeker verwachten na de dag van gisteren !!
   

   Why so optimistic? Ik vind de cijfers eerlijk gezegd echt gigantisch tegen vallen.....
7. [verwijderd] 10 november 2017 07:20

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   quote:

   Kogovus schreef op 10 november 2017 07:16:

   Hmm, de verschillen in gedachten over het resultaat worden duidelijk, de een zegt prachtig de ander boem, nog een ander very bad.
   
   Ik vertaal het geheel dusver als een neutraal rapport, niet goed niet slecht, we zullen het zien.
   

   Boemmm als in topcijfers! Even ter verduidelijking :)
8. Kogovus 10 november 2017 07:22

   auteur info

   • Kogovus

     Lid sinds: 17 apr 2016

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 796

     Gegeven: 157

   •    Aantal posts: 5.641

   quote:

   beurschecker schreef op 10 november 2017 07:20:

   [...]
   
   Boemmm als in topcijfers! Even ter verduidelijking :)
   

   Aha.....;-)
9. La Raza 10 november 2017 07:22

   auteur info

   • La Raza

     Lid sinds: 27 sep 2006

     Laatste bezoek: 21 dec 2022

   • Aanbevelingen

     Ontvangen: 90

     Gegeven: 43

   •    Aantal posts: 2.021

   Ik zie geen negatives of we moeten het over de wisselkoerseffecten hebben van 0,2 maar dat is imo wel het minst wat er toe.
   
   Check de YoY resultaten gewoon erg lekker hoor
   Ik ben erg tevreden :)
10. florida7 10 november 2017 07:22

    auteur info

    • florida7

      Lid sinds: 22 nov 1999

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 324

      Gegeven: 124

    •    Aantal posts: 1.299

    Beter dan verwacht en positieve vooruitzichten zijn altijd belangrijk. Wpa over 2017 misschien wel €4.
    Koers van €30 zeker niet te duur dus.
11. DeZwarteRidder 10 november 2017 07:25

    auteur info

    • DeZwarteRidder

      Lid sinds: 29 jun 2012

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 20848

      Gegeven: 9463

    •    Aantal posts: 96.774

    Highlights:
    
    Health and safety: LTIF rate of 0.67x in 3Q 2017 as compared to 0.72x in 2Q 2017 and 0.84x in 3Q 2016
    Operating income of $1.2 billion in 3Q 2017 as compared to $1.4 billion in 2Q 2017; 2.5% higher YoY
    EBITDA of $1.9 billion in 3Q 2017 as compared to $2.1 billion in 2Q 2017; 1.5% higher YoY
    Net income of $1.2 billion in 3Q 2017 lower as compared to $1.3 billion in 2Q 2017 and higher as compared to $0.7 billion in 3Q 2016
    Steel shipments of 21.7Mt in 3Q 2017, an increase of 1.0% as compared to 2Q 2017; +6.8% YoY; steel shipments of 64.2Mt in 9M 2017, up 0.6% YoY
    3Q 2017 iron ore shipments of 15Mt (+8.1% YoY), of which 9.1Mt shipped at market prices (+12.3% YoY); 9M 2017 market price iron ore shipments at 27.2Mt, up 6.8% YoY
    Net debt of $12.0 billion as of September 30, 2017, as compared to $11.9 billion as of June 30, 2017, primarily due to a negative foreign exchange impact ($0.2 billion)
    
    Outlook and guidance:
    
    Market conditions are favorable. The demand environment remains positive (as evidenced by the continued high readings from the ArcelorMittal weighted PMI) and steel spreads remain healthy.
    
    The Company continues to expect cash needs of the business (capex ($2.9 billion), interest ($0.8 billion), cash taxes, pensions and other cash costs (totalling $0.9 billion) but excluding working capital investment and premiums paid to retire debt early) to be approximately $4.6 billion in 2017.
    
    Given the improved market conditions, the Company now expects a full year 2017 investment in working capital of approximately $2.0 billion (as compared to previous guidance of approximately $1.5 billion).
12. DeZwarteRidder 10 november 2017 07:28

    auteur info

    • DeZwarteRidder

      Lid sinds: 29 jun 2012

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 20848

      Gegeven: 9463

    •    Aantal posts: 96.774

    Analysis of results for the nine months ended September 30, 2017 versus results for the nine months ended September 30, 2016
    
    Total steel shipments for 9M 2017 were 64.2Mt as compared to 63.9Mt for 9M 2016. On a comparable basis, excluding shipments from assets sold during the comparable period (i.e. sale of long steel producing subsidiaries in the US (LaPlace and Vinton) and Zaragoza in Spain), and excluding the impact of the optimization at Zumarraga in Spain (Europe segment) total steel shipments in 9M 2017 increased 1.6% as compared to 9M 2016.
    
    Sales for 9M 2017 increased by 19.5% to $51.0 billion as compared with $42.7 billion for 9M 2016, primarily due to higher average steel selling prices (+20.4%), marginally higher steel volumes, higher seaborne iron ore reference prices (+35%) and higher marketable iron ore shipments (+6.8%).
    
    Depreciation of $2.0 billion for 9M 2017 was stable as compared to 9M 2016. FY 2017 depreciation is expected to be approximately $2.8 billion.
    
    Impairment charges for 9M 2017 were $46 million related to a downward revision of cash flow projections in South Africa as compared to impairment charges for 9M 2016 of $49 million related to the sale of ArcelorMittal Zaragoza in Spain[3].
    
    Exceptional income for 9M 2017 was nil. Exceptional income for 9M 2016 was $832 million relating to a one-time gain on employee benefits following the signing of the new US labour contract[4].
    
    Operating income for 9M 2017 was $4.2 billion as compared to $3.4 billion for 9M 2016. Operating results for 9M 2016 were positively impacted by exceptional income as discussed above.
    
    Income from investments in associates, joint ventures and other investments in 9M 2017 was $323 million as compared to $601 million in 9M 2016. Income in 9M 2017 includes a gain from disposal of ArcelorMittal USA’s 21% stake in the Empire Iron Mining Partnership[5] ($133 million) and improved performance of Calvert and Chinese investees, offset in part by a loss on dilution of the Company’s stake in China Oriental[6] and the recycling of cumulative foreign exchange translation losses incurred following disposal of the 50% stake in Kalagadi ($187 million)[7]. Income in 9M 2016 included gains on disposal of Gestamp[8] ($329 million) and Hunan Valin[9] ($74 million).
    
    Net interest expense was lower at $635 million in 9M 2017, as compared to $893 million in 9M 2016, driven by debt reduction including early bond repayments. The Company expects full year 2017 net interest expense of approximately $0.8 billion.
    
    Foreign exchange and other net financing gains were $209 million for 9M 2017 as compared to losses of $664 million for 9M 2016. The foreign exchange gain in 9M 2017 is largely non-cash and primarily relates to the gain from the impact of the USD movements on Euro denominated deferred tax assets, partially offset by foreign exchange losses on Euro denominated debt. Foreign exchange and other net financing gains for 9M 2017 include foreign exchange gains of $463 million as compared to $124 million in 9M 2016, mainly on account of USD depreciation of 12% against the Euro (versus USD depreciation of 2.5% in prior period). 9M 2017 includes non-cash mark-to-market gains on derivatives (primarily mandatory convertible bonds call options following the market price increase in the underlying shares) totalling $0.6 billion in 9M 2017 as compared to $0.1 billion in 9M 2016. Foreign exchange and other net financing gains/losses for 9M 2017 and 9M 2016 also includes $377 million and $395 million, respectively, for premium expense on the early redemption of bonds.
    
    ArcelorMittal recorded an income tax expense of $0.6 billion for 9M 2017 as compared to an income tax expense of $1.0 billion for 9M 2016. The tax expense in 9M 2016 includes derecognition of deferred tax assets (DTA) amounting to $0.7 billion in Luxembourg (related to revised expectations of DTA recoverability in US dollar terms).
    
    ArcelorMittal’s net income for 9M 2017 was $3.5 billion, or $3.46 earnings per share, as compared to net income in 9M 2016 of $1.4 billion, or $1.48 earnings per share.
    
    Analysis of results for 3Q 2017 versus 2Q 2017 and 3Q 2016
    
    Total steel shipments in 3Q 2017 were 1.0% higher at 21.7Mt as compared with 21.5Mt for 2Q 2017 primarily due to higher steel shipments in Brazil (+12.1%), NAFTA (+4.3%) and ACIS (+3.2%), offset in part by decline in Europe (-3.3%).
    
13. DeZwarteRidder 10 november 2017 07:28

    auteur info

    • DeZwarteRidder

      Lid sinds: 29 jun 2012

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 20848

      Gegeven: 9463

    •    Aantal posts: 96.774

    
    On a comparable basis, excluding shipments from assets sold during the comparable period (i.e. considering the sale of Zaragoza in Spain), and excluding the impact of the optimization at Zumarraga in Spain (Europe segment), total steel shipments for 3Q 2017 were 7.5% higher as compared to 3Q 2016, primarily due to higher steel shipment volumes in NAFTA (+5.4%), Brazil (+6.9%) and Europe (+9.2%) offset by weaker steel shipment volumes in ACIS (down -1.3% due to weak South Africa market and lower shipments in Ukraine).
    
    Sales for 3Q 2017 were $17.6 billion as compared to $17.2 billion for 2Q 2017 and $14.5 billion for 3Q 2016. Sales in 3Q 2017 were 2.3% higher as compared to 2Q 2017, primarily due to higher steel shipments (+1.0%), higher average steel selling prices (+1.5%), higher iron ore reference prices (+12.7%) offset in part by lower market-priced iron ore shipments (-3.9%). Sales in 3Q 2017 were 21.5% higher as compared to 3Q 2016 primarily due to higher steel shipments (+6.8%), higher average steel selling prices (+14.8%), higher seaborne iron ore reference prices (21%) and higher market-priced iron ore shipments (+12.3%).
    
    Depreciation for 3Q 2017 was higher at $690 million as compared to $676 million for 2Q 2017 and stable as compared to $693 million in 3Q 2016. Depreciation increased in 3Q 2017 as compared to 2Q 2017, primarily on account of foreign exchange differences following the depreciation of USD vs major currencies.
    
    Impairment charges for 3Q 2017 and 3Q 2016 were nil. Impairment charges for 2Q 2017 were $46 million related to a downward revision of cash flow projections in South Africa.
    
    Operating income for 3Q 2017 was lower at $1.2 billion as compared to $1.4 billion in 2Q 2017, and stable as compared to 3Q 2016.
    
    Income from associates, joint ventures and other investments for 3Q 2017 was $117 million as compared to $120 million for 2Q 2017 and $109 million in 3Q 2016. Income from associates, joint ventures and other investments for 3Q 2017 includes the recycling of the cumulative foreign exchange translation losses following the disposal of 50% stake in Kalagadi ($187 million) offset by a gain on disposal of ArcelorMittal USA’s 21% stake in the Empire Iron Mining Partnership ($133 million) and improved performance of Chinese investees.
    
    Net interest expense in 3Q 2017 was $205 million as compared to $207 million in 2Q 2017 and $255 million in 3Q 2016. Net interest expense was lower in 3Q 2017 as compared to 3Q 2016 primarily due to debt reduction including early bond repayment via debt tenders.
    
    Foreign exchange and other net financing gains in 3Q 2017 were $132 million as compared to $210 million for 2Q 2017 and losses of $223 million in 3Q 2016. For 3Q 2017 a foreign exchange gain of $181 million was recorded (as compared to a gain of $247 million for 2Q 2017) mainly on account of a 3.5% depreciation of the USD against the Euro (versus 6.7% depreciation in 2Q 2017). Both 3Q 2017 and 2Q 2017 include non-cash mark-to-market gains on derivatives (primarily mandatory convertible bonds call options following the market price increase in the underlying shares) of $327 million and $150 million, respectively. 3Q 2017 includes $218 million on premium expenses accrued in connection with the early repayment of bonds (settled in October 2017). Foreign exchange and other net financing costs in 3Q 2016 was $223 million and included a foreign exchange gain of $65 million mainly on account of USD depreciation of 0.5% against the Euro. 3Q 2016 also includes $158 million on premium expenses accrued on the bond repayments via debt tenders.
    
    ArcelorMittal recorded an income tax expense of $71 million for 3Q 2017 as compared to $197 million for 2Q 2017 and $146 million in 3Q 2016.
    
    ArcelorMittal recorded net income for 3Q 2017 of $1,205 million, or $1.18 earnings per share, as compared to net income for 2Q 2017 of $1,322 million, or $1.30 earnings per share, and a net income for 3Q 2016 of $680 million, or $0.67 earnings per share.
14. Dicall69 10 november 2017 07:31

    auteur info

    • Dicall69

      Lid sinds: 08 nov 2012

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 1571

      Gegeven: 320

    •    Aantal posts: 19.070

    quote:

    robo23 schreef op 10 november 2017 07:18:

    Mooie cijfers, EBITDA hoger dan consensus, hogere net income en positieve outlook.
    Heel geruststellend!
    

    Ja, maar kijk de short zittende ze draaien weer helemaal af, maarja beter dan verwacht en zeer positieve outlook snoert ze nu wel de mond !!!
15. DeZwarteRidder 10 november 2017 07:31

    auteur info

    • DeZwarteRidder

      Lid sinds: 29 jun 2012

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 20848

      Gegeven: 9463

    •    Aantal posts: 96.774

    Outlook and guidance
    
    The Company’s forecasts for global apparent steel consumption (“ASC”) remain as presented at the time of 2Q 2017 results with the balance of risks now to the upside.
    
    ArcelorMittal expects 2017 global ASC to grow by approximately +2.5% to +3.0%. By region: ASC in the US (excluding Pipe & Tube) is expected to grow +2.0% to +3.0% reflecting higher machinery and construction demand offset by lower automotive production. In Europe, ArcelorMittal expects the pick-up in underlying demand to continue, driven primarily by the strength of the construction and machinery markets, and apparent demand is expected at +0.5% to +1.5% in 2017 on top of around 3% growth in 2016. In Brazil, ASC is expected to grow by +2.0% to +3.0% in 2017 as the continued weakness in construction is partially offset by mild improvement in consumer confidence and automotive demand. In the CIS, ASC is expected to grow +2.0% to +2.5% reflecting stronger economic growth in Russia. In China, ASC growth of +2.5% to +3.5% is expected in 2017, primarily due to strength in automotive and machinery.
    
    Market conditions are favourable. The demand environment remains positive (as evidenced by the continued high readings from the ArcelorMittal weighted PMI), and steel spreads remain healthy.
    
    The Company continues to expect cash needs of the business (capex, interest expense, cash taxes, pensions and other cash costs but excludes working capital investment and premiums paid to retire debt early) to be approximately $4.6 billion in 2017.
    
    Given the improved market conditions, the Company now expects a full year 2017 investment in working capital of approximately $2.0 billion (as compared to previous guidance of approximately $1.5 billion).
16. 1wijn 10 november 2017 07:31

    auteur info

    • 1wijn

      Lid sinds: 21 sep 2016

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 38

      Gegeven: 4

    •    Aantal posts: 123

    omzet beter dan verwachting
    ebitda beter dan verwachting
    prima winst per aandeel
    goede vooruitzichten
    
    een uitstekend derde kwartaal
    
17. [verwijderd] 10 november 2017 07:31

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    www.telegraaf.nl/financieel/1147895/a...
18. Kogovus 10 november 2017 07:31

    auteur info

    • Kogovus

      Lid sinds: 17 apr 2016

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 796

      Gegeven: 157

    •    Aantal posts: 5.641

    Dit lijkt mij een beetje zorgelijk. Beter dan vorig jaar maar slechter dan het tweede kwartaal.
    
    ArcelorMittal recorded net income for 3Q 2017 of $1,205 million, or $1.18 earnings per share, as compared to net income for 2Q 2017 of $1,322 million, or $1.30 earnings per share, and a net income for 3Q 2016 of $680 million, or $0.67 earnings per share.
19. Gaston Lagaffe 10 november 2017 07:33

    auteur info

    • Gaston Lagaffe

      Lid sinds: 02 mei 2017

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 637

      Gegeven: 412

    •    Aantal posts: 2.545

    quote:

    Kogovus schreef op 10 november 2017 07:16:

    Hmm, de verschillen in gedachten over het resultaat worden duidelijk, de een zegt prachtig de ander boem, nog een ander very bad.
    
    Ik vertaal het geheel dusver als een neutraal rapport, niet goed niet slecht, we zullen het zien.
    

    Een WPA Q3 van $ 1,18 kan je onmogelijk als slecht beoordelen. Of het gewaardeerd wordt zullen we vandaag zien. In Reuters zal de WPA-2017 van $ 3,03 aanzienlijk verhoogd gaan worden, zitten er met Q1-2-3 al ruim overheen ( $ 3,35 ). WPA-2017 van $ 4,00 tot $ 4,40 wordt nu haalbaar. Dit is aanzienlijk meer dan de schatting van $ 3,03 . Kan niet anders dan tevreden zijn met dit resultaat. Ben benieuwd wat die anderen te motiveren hebben.
20. Dicall69 10 november 2017 07:34

    auteur info

    • Dicall69

      Lid sinds: 08 nov 2012

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 1571

      Gegeven: 320

    •    Aantal posts: 19.070

    quote:

    Kogovus schreef op 10 november 2017 07:31:

    Dit lijkt mij een beetje zorgelijk. Beter dan vorig jaar maar slechter dan het tweede kwartaal.
    
    ArcelorMittal recorded net income for 3Q 2017 of $1,205 million, or $1.18 earnings per share, as compared to net income for 2Q 2017 of $1,322 million, or $1.30 earnings per share, and a net income for 3Q 2016 of $680 million, or $0.67 earnings per share.
    

    Zou de consensus eens er bij nemen, maarja wie zeg je dat ???