In 2018 the largest steel company in the world ArcelorMittal increased its net profit compared to 2017 12.7%, to $5,149 billion.
According to the report, last year’s sales totaled $76,033 billion, which is 10.7% higher to the year before.
The EBITDA of the company jumped by 22.1% to $10,265 billion.
Annual operating profit of ArcelorMittal increased by 20.3%, to $6,539 billion.
In the 4th quarter of 2018 ArcelorMittal reported net profit of $1,193 billion, which is 32.7% higher compared to the previous quarter. Compared to the same period last year the growth amounted to 14.8%.
“2018 was a positive for ArcelorMittal, was characterized by important strategic and financial progress. Working in a healthy market environment, the company showed strong financial results. Acquisitions of companies such as Votorantim and Ilva, allow us to strengthen our leading position in many regions. In addition, our bid to buy Essar can help us to take a seat on the fast growing Indian steel market,” – are reported words of Lakshmi Mittal, Chairman and CEO of ArcelorMittal.
Financial and production indicators ArcelorMittal in 2017-18., $ million
| ||Q4 18||3. 18||4 sq 17||12 months. 18||12 months. 17|
|Gelrode production (million tons).||14,9||14,5||14.4 V||58,5||57,4|
|The production of carbon steel (million tons).||22,8||23,3||22,7||92,5||93,1|
|Shipments of steel products (million tons).||20,2||20,5||21,0||83,9||85,2|