ArcelorMittal reported FY16 results. Revenues reached US$56,791m (-10.6%), EBITDA US$6,255m (+19.6%), operating income US$4,161m (vs US$-4161m) and net income US$1,779m (vs US$-7,946m), keeping in mind FY15 was heavily burdened by impairments (US$4.8bn) and exceptional charges (US$1.4bn). Net debt at the end of FY16 stood at US$11,059m (vs US$15,684m a year ago). No real outlook was given, other than the good momentum mentioned in the market in early 2017.
10 Feb 2017
FY16 OK, some hopes for FY17
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FY16 OK, some hopes for FY17
MaireTecnimont SpA (0QEP:LON) | 0 0 -0.2% | Mkt Cap: 1,153m
- Published:
10 Feb 2017 -
Author:
Fabrice Farigoule -
Pages:
2
ArcelorMittal reported FY16 results. Revenues reached US$56,791m (-10.6%), EBITDA US$6,255m (+19.6%), operating income US$4,161m (vs US$-4161m) and net income US$1,779m (vs US$-7,946m), keeping in mind FY15 was heavily burdened by impairments (US$4.8bn) and exceptional charges (US$1.4bn). Net debt at the end of FY16 stood at US$11,059m (vs US$15,684m a year ago). No real outlook was given, other than the good momentum mentioned in the market in early 2017.