T3nZ1n schreef op 27 september 2011 09:59:
Tuesday, 27 Sep 2011
Integrated steel and mining giant ArcelorMittal has reaffirmed its EBITDA forecast for the third quarter, noting that its core strengths help it to respond to evolving market conditions. For the second half, EBITDA is expected to be above the comparable period of 2010.
For the third quarter, the company continues to expect operating income plus depreciation, impairment expenses and exceptional items or EBITDA between USD 2.4 billion and USD 2.8 billion.
Mr LN Mittal chairman & CEO of ArcelorMittal said that "Although the third quarter will experience some seasonal impact, we do not expect this to be as pronounced as last year, and overall the group's performance in the second half of 2011 should compare favourably with the second half of 2010."
In addition, the company now said it expects to achieve the stated target level for net debt of USD 22.5 billion or less by mid 2012 under various reasonable scenarios. ArcelorMittal added that it has received written approvals from its banks to extend USD 4 billion of credit facilities from a maturity in 2013 to 2015.