Aided By Inorganic Growth, ArcelorMittal Beats Consensus In 2018 [Forbes]
AK STEEL HOLDINGS (AKS)
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Source: Forbes
Aided By Inorganic Growth, ArcelorMittal Beats Consensus In 2018 The Logo of the steel company ArcelorMittal is pictured in Saint Denis, outside Paris, France, Wednesday, Sept. 13, 2017. (AP Photo/Michel Euler) The major takeaways from the announcement have been illustrated in the graphs using our interactive dashboard – Acquisitions And Higher Prices Come To ArcelorMittal’s Rescue In 2018. Trefis Key Factors Affecting Earnings Lower shipments affected growth in NAFTA and Brazil: Europe – Ilva acquisition: Disruptions in ACIS: Action 2020 Plan: Full year picture Though shipments declined by 1.6% (y-o-y), total revenue increased by about 10.7% to $76 billion in 2018, from $68.7 billion in 2017, primarily driven by higher realized steel prices on the back of increased demand from the automotive, machinery, and construction sectors. The company’s bottom line saw a marginal improvement, with net income margin rising to 6.8% in 2018 from 6.7% a year ago. However, instead of cost savings, t
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