The Q3 numbers are improving as expected and ended up slightly higher than consensus for sales and EBIT
The improvement in EBIT was mainly attributable to Steel Europe, Materials Services and Multi-Track
Free cash flow was also marginally above expectations, with also the Mining and Infrastructure businesses being currently sold
The guidance was somewhat upgraded (not a big wonder though)
No big changes to be expected to our forecasts. The numbers were marginally better but the recovery stor ....

11 Aug 2021
Q3 20/21: more time needed

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Q3 20/21: more time needed
The Q3 numbers are improving as expected and ended up slightly higher than consensus for sales and EBIT
The improvement in EBIT was mainly attributable to Steel Europe, Materials Services and Multi-Track
Free cash flow was also marginally above expectations, with also the Mining and Infrastructure businesses being currently sold
The guidance was somewhat upgraded (not a big wonder though)
No big changes to be expected to our forecasts. The numbers were marginally better but the recovery stor ....