Arcelormittal Stock Price, News & Analysis

On May 6, 2021, ArcelorMittal (MT) reported strong 1Q 2021 results, with net income of $2.3 billion and EBITDA soaring by 88% to $3.2 billion, marking its best quarter in a decade. Steel shipments increased by 6.5% sequentially to 16.5 million tons. Operating income reached $2.6 billion, supported by positive steel spreads and operational improvements. Gross debt declined to $11.4 billion, while net debt fell to $5.9 billion. The company announced a $650 million share buyback and plans to further reduce carbon emissions with its XCarb initiative.

ArcelorMittal has announced a share transaction involving a Designated Person, as per Article 19(3) of the EU Market Abuse Regulations. The transaction is part of a share buyback program initiated on March 4, 2021, aimed at maintaining the Significant Shareholder's voting rights in the company at 36.34%. The transaction details are available on the Luxembourg Stock Exchange's electronic database OAM and ArcelorMittal's official website under the Corporate Governance section.

On April 27, 2021, ArcelorMittal reported a share transaction related to its share buyback program initiated on March 4, 2021. This involves a Significant Shareholder entering into an agreement to sell shares to maintain their voting rights at 36.34% of the company's share capital. The transaction details are available on the Luxembourg Stock Exchange’s electronic database and ArcelorMittal’s website under the Corporate Governance section. This move supports the company's strategic financial management and shareholder value preservation.

ArcelorMittal released its first quarter 2021 EBITDA consensus estimates, compiled from around 20 sell-side analysts via Vuma Financial Services. For Q1 2021, 17 analysts participated, projecting an average EBITDA of $2,965 million. The firm emphasizes that it does not influence these estimates and is not responsible for the analysts' opinions.

ArcelorMittal has announced a share transaction notification required under the EU Market Abuse Regulations. This transaction is linked to the company's ongoing share buyback program initiated on 4 March 2021. A significant shareholder has entered into a share repurchase agreement, ensuring their voting rights in ArcelorMittal's share capital remain at 36.34%. Further details can be accessed on the company's website.

On April 15, 2021, ArcelorMittal published its statutory financial statements for the parent company, covering the fiscal year ended December 31, 2020. The financial statements are accessible through the Luxembourg Stock Exchange electronic database and ArcelorMittal's Corporate Library online. This disclosure is vital for investors and stakeholders, providing insight into the company's financial performance during a challenging economic environment.

ArcelorMittal announces the renaming of its Italian operations to Acciaierie d’Italia following an investment agreement with Invitalia, an Italian state-owned company.

Invitalia has made a €400 million equity investment, acquiring a 38% stake in AM InvestCo Italy, which will also be rebranded. A potential second investment of up to €680 million is planned to complete the purchase of Ilva's business, potentially raising Invitalia's stake to 60%. This strategic move positions Acciaierie d’Italia Holding for independent operations, with ArcelorMittal retaining a 40% stake.

On 31 March 2021, Société Générale SA notified ArcelorMittal of an increase in its shareholding from 4.97% to 5.23%, effective 26 March 2021. This change reflects actual and potential voting rights, as required by the Transparency Law in Luxembourg. The details are available on the Luxembourg Stock Exchange’s OAM electronic database and ArcelorMittal's corporate website under ‘Investors - Corporate Governance - Shareholding structure’.