Luxembourg, 31 July 2015 - ArcelorMittal Europe
today announced its results for the second quarter ended 30 June
2015. The segment recorded an operating profit of €352 million,
compared with €245 million for Q2 2014.
Second quarter 2015 Ebitda increased by 22.7 per
cent, to €617 million as compared to €503 million in the
corresponding quarter of 2014, reflecting improved steel shipment
volumes as well as the benefits of cost optimisation efforts.
Steel shipments in the second quarter increased by
6.9 per cent to 10.9 million tonnes, compared with Q2 2014,
demonstrating the ongoing trend of improving European steel
demand.
However, sales in the ArcelorMittal Europe segment
remained stable at €7.7 billion this quarter compared to the
corresponding quarter last year, with lower average steel selling
prices (-4.1 per cent) being offset by higher steel shipments. The
lower price environment reflects the continuing impact of imports,
particularly from countries such as China and Russia.
Commenting, Aditya Mittal, CEO ArcelorMittal
Europe, said: "I am pleased to be able to report another set of
strong results for ArcelorMittal Europe. Our results reflect a
combination of improved market fundamentals and the benefit of our
asset and cost optimisation efforts. The outlook for Europe remains
positive, with the economic recovery appearing to be broadening. We
continue to forecast apparent steel consumption for Europe in 2015
to grow within a range of +1.5 to +2.5 per cent."
The economic recovery in Europe appears to be
broadening, despite ongoing problems in Greece. Factor such as
quantitative easing, the weak euro, low oil prices and reduced
fiscal headwinds are still helping. Consumer sentiment remains
relatively buoyant and is supported by falling unemployment and
very low inflation. Furthermore, better business sentiment and bank
lending should help investment to contribute to the recovery.
About
ArcelorMittal
ArcelorMittal is the world's
leading steel and mining company, with a presence in 60 countries
and an industrial footprint in 19 countries. Guided by a philosophy
to produce safe, sustainable steel, we are the leading supplier of
quality steel in the major global steel markets including
automotive, construction, household appliances and packaging, with
world-class research and development and outstanding distribution
networks.
Through our core values of
sustainability, quality and leadership, we operate responsibly with
respect to the health, safety and wellbeing of our employees,
contractors and the communities in which we operate.
For us, steel is the fabric of
life, as it is at the heart of the modern world from railways to
cars and washing machines. We are actively researching and
producing steel-based technologies and solutions that make many of
the products and components people use in
their everyday lives more energy
efficient.
We are one of the world's five
largest producers of iron ore and metallurgical coal and our mining
business is an essential part of our growth strategy. With a
geographically diversified portfolio of iron ore and coal assets,
we are strategically positioned to serve our network of steel
plants and the external global market. While our steel operations
are important customers, our supply to the external market is
increasing as we grow.
In 2014, ArcelorMittal had
revenues of US$79.3 billion and crude steel production of 93.1
million tonnes, while own iron ore production reached 63.9 million
tonnes.
ArcelorMittal is listed on the
stock exchanges of New York (MT), Amsterdam (MT), Paris (MT),
Luxembourg (MT) and on the Spanish stock exchanges of Barcelona,
Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal please
visit: http://corporate.arcelormittal.com/
|
|
Contact information ArcelorMittal Investor
Relations |
|
|
|
Europe |
+35247923198 |
Americas |
+13128993985 |
Retail |
+35247923198 |
SRI |
+442075431123 |
Bonds/Credit |
+33171921026 |
|
|
|
|
Contact information ArcelorMittal Corporate
Communications |
|
E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
|
|
|
|
ArcelorMittal Corporate
Communications |
|
|
|
Paul Weigh (head of media relations) |
+442032142882 |
Laura Nutt
Isabelle Cornelis |
+442075431125
+442032142453 |
|
|
United Kingdom |
|
Maitland Consultancy |
+442073795151 |
|
|
France |
|
Image 7 |
|
Sylvie Dumaine / Anne-Charlotte Creach |
+33153707470
|
Apparent Steel Consumption
Graph