Page Tools

News and media

Sign up to receive ArcelorMittal Europe news alerts by email
Page tools
Print
Bookmark
Share on

ArcelorMittal Europe reports operating profit of €281 million for Q1 2015

Luxembourg, 07 May 2015 - ArcelorMittal Europe today announced its results for the first quarter ended 31 March 2015. The segment recorded an operating profit of €281m, compared with €58m for Q1 2014.

First quarter 2015 Ebitda increased by 23.3 per cent, to €546m compared with €443m in the last quarter of 2014. Ebitda in Q1 2015 was also 40 per cent higher than in the corresponding quarter of 2014, reflecting improved demand dynamics and the ongoing realisation of the benefits of cost optimisation efforts.

Steel shipments in the first quarter increased by 10.9 per cent to 10.7 million tonnes, compared with Q4 2014, as both flat and long product shipment volumes benefitted from seasonal impacts and improved underlying demand.

Sales in the ArcelorMittal Europe segment increased by 5.9 per cent to €7.6bn this quarter compared to Q4 2014. This was primarily due to higher steel shipments partly offset by lower average steel selling prices.

Commenting, Aditya Mittal, CEO ArcelorMittal Europe, said: “Ebitda improved again this quarter proving further evidence that the actions taken to improve the competitive position of our European operations were the right ones, and are delivering results. It’s important to note that we have achieved this in a European market where demand remains significantly below pre-crisis levels. Looking ahead, we expect to see continued pick-up in European manufacturing activity to support our apparent steel consumption growth forecast for Europe of around 2 per cent this year, and are very well placed to capture our share of improving demand.”

Confidence has picked up in the European market and is expected to slowly gain momentum. Factors such as quantitative easing, the weak Euro, low oil prices and reduced fiscal headwinds are expected to drive a recovery in growth for the Eurozone in 2015 and 2016. In addition, manufacturing output for the EU28 has reached its highest level since 2008.


Urbn Barrel, a start-up from Cologne (Germany), is turning steel drums into design statement pieces for contemporary living. Using steel barrels which would otherwise be destined for the oil sector, Urbn Barrel handcrafts practical coffee tables which fit into almost any interior.

ArcelorMittal Projects, ArcelorMittal Europe – Long Products Sheet Piling and Global R&D participated in a project financed by the Dutch government to improve the design of dikes and keep the Netherlands safe from flooding.

Nour Ouarzazate Solar Power Complex, the world’s largest concentrated solar power plant will enable Morocco to source almost half the country’s energy from renewables by 2020. The third phase of the project, Noor III, which will be operational as from October 2018, is being constructed near Ouarzazate, in Morocco, with stainless steel provided by Industeel.

Timber may be a one of steel’s competitors for the housing market, but did you know that you could find our steel in wooden houses? Thanks to the screws produced by the company Schmid Schrauben Hainfeld GmbH, our steel wire rod produced by ArcelorMittal Hamburg is used in wooden houses all over Europe and in Canada and Japan.

ArcelorMittal Europe – Long Products, WireSolutions and ArcelorMittal Europe – Tubular Products all gathered in Düsseldorf (Germany) to participate in the Wire & Tube trade fair 2018, the world's most important trade fair for the wire, cable and pipe industry.

William Roobrouck, a Belgian artist with a passion for steel, chooses the glow of Indaten® in his "Désir Perceptible" (Perceptible Desire) to represent the warm feeling of a loving family. Curious to discover how the sculpture was born?

Watch the video below and learn more about the four main Business segments which compose ArcelorMittal Europe – Long Products: Bars and Rods, Sections and Merchant Bars, Sheet Piling and Rails.