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ArcelorMittal full year income $4.2 billion

Staff Writer |
ArcelorMittal announced results for fourth quarter and twelve month periods ended December 31, 2016.




Health and safety performance was stable in FY 2016 as compared to FY 2015 with annual LTIF rate of 0.82x.

FY 2016 operating income of $4.2 billion; operating income of $0.8 billion in 4Q 2016 as compared to operating loss of $5.3 billion in 4Q 2015.

FY 2016 EBITDA of $6.3 billion versus $5.2 billion in FY 2015; EBITDA of $1.7 billion in 4Q 2016; up 51% versus 4Q 2015.

FY 2016 net income of $1.8 billion as compared to FY 2015 net loss of $7.9 billion.

FY 2016 steel shipments of 83.9Mt (-0.8% YoY); 4Q 2016 steel shipments of 20.0Mt up +1.6% versus 4Q 2015.

FY 2016 iron ore shipments of 55.9Mt (-10.4% YoY), of which 33.6Mt shipped at market prices (-16.6% YoY); 4Q 2016 iron ore shipments of 13.5Mt (-13.4% YoY), of which 8.1Mt shipped at market prices (-17.5% YoY).

Net debt decreased to $11.1 billion as of December 31, 2016; $4.6 billion lower as compared to December 31, 2015.


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