ArcelorMittal: 10% drop in nine-month EBITDA – 11/10/2022 at 08:40


(CercleFinance.com) – ArcelorMittal publishes net income of nine billion dollars for the first nine months of 2022, against 10.9 billion a year earlier, as well as an EBITDA down just over 10% at 12 .9 billion dollars.

“The seasonal decline in shipments, reduction in exceptional price levels, destocking and rising energy costs combined to put pressure on earnings in the third quarter,” said CEO Aditya Mittal.

Over the past quarter, net profit stood at 993 million dollars, thus missing the consensus (about 1.35 billion) indicated by the group previously, and EBITDA at 2.66 billion, higher than expected. analyst average (2.33 billion).

Over the first nine months of the year, the steel giant posted nearly $63 billion in sales, up nearly 13%, despite steel shipments down more than 8% to 43.3 million tons.



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