Arcelor released Q3 16 results. Sales reached US$14,523m (-7%), EBITDA US$1,897m (+40%), EBIT US$1,204m (vs US$20m) and net income US$680m (vs US$-711m). Over 9 months, sales amounted to US$42,665m (-14%), EBITDA US$4,594m (+11%), EBIT US$3,352m (+186%) and net income US$1,376m (vs US$-1,260m). Net debt at the end of Q3 was US$12,193m (US$12,747m in H1 and US$15,684m at year-end 2015). The group indicates that profitability in Q4 will be lower, due to the combination of lower steel prices in
08 Nov 2016
Q3 OK but the outlook is not overly optimistic
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Q3 OK but the outlook is not overly optimistic
MaireTecnimont SpA (0QEP:LON) | 0 0 -0.2% | Mkt Cap: 1,153m
- Published:
08 Nov 2016 -
Author:
Fabrice Farigoule -
Pages:
2
Arcelor released Q3 16 results. Sales reached US$14,523m (-7%), EBITDA US$1,897m (+40%), EBIT US$1,204m (vs US$20m) and net income US$680m (vs US$-711m). Over 9 months, sales amounted to US$42,665m (-14%), EBITDA US$4,594m (+11%), EBIT US$3,352m (+186%) and net income US$1,376m (vs US$-1,260m). Net debt at the end of Q3 was US$12,193m (US$12,747m in H1 and US$15,684m at year-end 2015). The group indicates that profitability in Q4 will be lower, due to the combination of lower steel prices in