Analysts predict close to flat earnings for
Luxembourg-based steelmaker ArcelorMittal's Q1 2012 earnings
compared with Q4 of last year, the company said on Wednesday
A group of 23 independent bank and brokerage analysts
collectively estimate that the steel manufacturer's earnings
before interest, taxes, depreciation and amortisation (Ebitda)
for the first quarter this year will be $1,708 billion.
On February 7, ArcelorMittal reported its fourth quarter
Ebitda for 2011 at $1,710 billion
The analysts put the lack of movement down to
a number of factors, including a downturn in the company's
mining division, which is likely to have been affected by poor
weather, a lower-than-average iron ore spot price in the first
quarter and other logistical factors.
ArcelorMittal releases its first quarterly results for 2012 on