The consensus figures are based on analyst estimates recorded on an external web based tool to be provided and managed by an independent company called Vuma Financial Services Limited (trade name: Vuma Consensus).

To arrive at the consensus figures below, VUMA have aggregated the expectations of sell side analysts who, to our best knowledge, cover ArcelorMittal on a continuous basis. This is a group of about 30 brokers currently. The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views.

On this page we provide you with the analyst estimates compiled by Vuma Consensus, and ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.

EBITDA consensus estimates

Period  Number of sell-side analysts participation   EBITDA consensus average
$Million
 Q1 2013E  22  $1,320

The consensus data is based on projections made by sell-side analysts. The sell-side analysts who cover ArcelorMittal and whose estimates are included in the group consensus outlined above are the following:

  • Applebaum Research - Michelle Applebaum
  • BancaSabadell – Francisco Rodriguez
  • Bank of America Merrill Lynch - Cedar Ekblom
  • Bankia Bolsa - Iñigo Recio
  • Citigroup - Tom O’Hara
  • Commerzbank - Ingo-Martin Schachel
  • Credit Suisse - Michael Shillaker
  • Davy - Tim Cahill
  • Deutsche Bank – Bastian Synagowitz
  • Exane BNP Paribas - Sylvain Brunet, Luc Pez
  • Grupo Santander - Juan Ramon Correas
  • HSBC – Thorsten Zimmerman
  • Jefferies - Seth Rosenfeld
  • JP Morgan - Alessandro Abate
  • Kempen - Dirk Verbiesen
  • Kepler Capital Markets - Rochus Brauneiser
  • Macquarie Bank - Jeff Largey
  • Morgan Stanley - Alexander Haissl
  • Nomura - Neil Sampat
  • RBC - Tim Huff
  • Societe Generale - Alain William
  • UBS - Carsten Riek

Disclaimer

The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal's periodic reports available on www.arcelormittal.com

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. 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/

http://corporate.arcelormittal.com/
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