press release

ArcelorMittal announces the publication of second quarter 2016 Ebitda sell-side analyst consensus figures

19 July 2016 - ArcelorMittal has today announced the publication of second quarter 2016 Ebitda sell-side analysts’ consensus figures. The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Vuma Financial Services Limited (trade name: Vuma Consensus). 

To arrive at the consensus figures below, Vuma Consensus has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of around 30 brokers. 

The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates. 

EBITDA consensus estimates

Period	Number of sell-side analysts participation	EBITDA consensus average $ million
Q2 2016E	19	$1491

The sell-side analysts who cover ArcelorMittal and whose estimates are included in the group consensus outlined above are from the following organisations: ABN Amro, Banco Sabadell, Bank of America Merrill Lynch, BEKA Finance, Berenberg, Citi, Clarksons Platou Securities, Commerzbank, Credit Suisse, Exane BNP Paribas, Goldman Sachs International, Grupo Santander, ING Financial Markets, Jefferies International Limited, JP Morgan Cazenove, Kepler Cheuvreux, Macquarie, Morgan Stanley and RBC Capital Markets.

Disclaimer 
The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal's periodic reports available on corporate.arcelormittal.com