3 February 2015 – The consensus figures are based on analysts’ estimates recorded on an external, web-based tool provided and managed by an independent company called Vuma Financial Services Limited (trade name: Vuma Consensus).
To arrive at the consensus figures below, VUMA has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is a currently a group of around 30 brokers. The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views.
On this page we have provided the analyst estimates compiled by Vuma Consensus. 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 participating |
Ebitda consensus average $m |
| Q4 2014E | 24 | $1,770 |
| FY 2014E | 24 | $7,183 |
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:
- ABN Amro – Philip Ngotho
- Banco Sabadell – Francisco Jose Rodriguez
- Bank of America Merrill Lynch – Cedar Ekblom
- Barclays Bank – Vladimir Sergievskiy
- BEKA Finance – Iñigo Recio Pascual
- Citi – Michael Flitton
- Commerzbank – Ingo-Martin Schachel
- Cowen & Company – Tony Rizzuto
- Credit Suisse – Michael Shillaker
- Deutsche Bank – Bastian Synagowitz
- Exane BNP Paribas – Luc Pez
- Goldman Sachs – Stephen Benson
- Grupo Santander – Robert Jackson
- ING – Jaap Kuin
- Jefferies International – Seth Rosenfeld; Alan Spence
- JP Morgan – Alessandro Abate
- Kepler Cheuvreux – Rochus Brauneiser
- MainFirst – Alexander Hauenstein
- Macquarie – Jeff Largey
- Petercam – Junior Cuigniez
- Rabobank International – Frank Claassen
- RBC Capital Markets – Tim Huff, Ioannis Masvoulas
- Société Générale – Alain William
- UBS – Carsten Riek
About ArcelorMittal
ArcelorMittal is the world’s leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in over 20 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 we use in our 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 2013, ArcelorMittal had revenues of $79.4 billion and crude steel production of 91.2 million tonnes, while own iron ore production reached 58.4 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.