Page Tools

News and media

Sign up to receive ArcelorMittal Europe news alerts by email
Page tools
Share on
Contact us Contact us

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.

ArcelorMittal participated in the CTA Conference, the main meeting for design consultants in steel bridges in Italy. #steelconstructiondays #steelbridges #Innovation #decarbonisation

ArcelorMittal Europe – Long Products Rails & Special sections participated in InnoTrans 2022, the leading event for transport technology and mobility, organised in Berlin, Germany. Coming back to InnoTrans after four years was an opportunity for the Rails team to share our recent developments for the urban transport and crane rail sectors.

On 22 November 2022, ArcelorMittal will participate in the 4th Polish Steel Day held in Warsaw. Under the theme 'United by steel', the event will include a series on conferences and a small forum where number of key-actors of the construction industry in Poland will introduce themselves and interact with attendees. #PolishSteelDay #Unitedbysteel #XCarb #BUDUJZESTALI

Discover the winners of the ArcelorMittal's Paint Sustainability Innovation Awards (PSIA) #PSIA #organiccoatedsteel #prepaintedsteels #sustainability #decarbonisation

ArcelorMittal’s SmartSheetPile integrate sensors that are built into the sheet pile, allowing to identify accidental or weather-related damage. In this way, a potential flooding could even be prevented. Read the article and watch the video to know more. #SmartSheetPile #ArcelorMittal #sheetpiling #steelsheetpiles #thinksteelfirst

XCarb® recycled and renewably produced has been awarded as the winner in the “most sustainable product of the year” category, at the PLGBC Awards 2022 evening gala. #XCarb #PLGBC #EnvironmentalProductDeclaration #sustainableconstruction

#ArcelorMittal #sheetpiling #steelsheetpiles #thinksteelfirst #WireSolutions #steelropes