ArcelorMittal Europe Q4 earnings down 13% on lower steel shipments

ArcelorMittal Europe's fourth-quarter earnings declined by 13% year on year in 2018 on “lower steel shipment volumes,” the company said on Thursday February 7.

Earnings before interest, taxes, depreciation and amortization (Ebitda) at ArcelorMittal Europe dropped to $749 million in the October-December quarter, down from an Ebitda of $861 million in the corresponding period in 2017. The company said that steel shipments were down 1.7% year on year to...

Published

Maria Tanatar

February 07, 2019

13:13 GMT

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