ArcelorMittal has announced results for the three and twelve month periods ended December 31st 2011.
Financial highlights
| | Q4 '11 | Q4 '10 | Change |
| Sales | 22,449 | 20,699 | 8.5 |
| EBITDA | 1,714 | 1,853 | -7.5 |
| Operating Income | 47 | 397 | -88.2 |
| Net income | -1000 | -780 | 28.2 |
| Basic EPS | -0.65 | -0.51 | 27.5 |
In USD million, except EPS
Continuing operations
| | Q4 '11 | Q4 '10 | Change |
| Own iron ore output | 15.1 | 12.6 | 19.8 |
| Iron ore shipped | 8.5 | 6.7 | 26.9 |
| Crude steel output | 21.7 | 21.6 | 0.5 |
| Steel shipment | 20.6 | 21.1 | -2.4 |
| EBITDA/tonne | 83 | 88 | -5.7 |
In million tonnes
Financial highlights
| | H2 '11 | H1 '10 | Change |
| Sales | 46,663 | 40,443 | 15.4 |
| EBITDA | 4,112 | 4,015 | 2.4 |
| Operating Income | 1,215 | 1,425 | -14.7 |
| Net income | -341 | 570 | -159.8 |
| Basic EPS | 0 | 0 | -157.9 |
In USD million, except EPS
Continuing operations
| | H2 '11 | H1 '10 | Change |
| Own iron ore output | 29 | 26 | 14.1 |
| Iron ore shipped | 15 | 13 | 18.0 |
| Crude steel output | 44 | 44 | 0.5 |
| Steel shipment | 42 | 42 | 0.0 |
| EBITDA/tonne | 99 | 96 | 3.1 |
In million tonnes
Financial highlights
| | FY '11 | FY '10 | Change |
| Sales | 93,973 | 78,025 | 20.4 |
| EBITDA | 10,117 | 8,525 | 18.7 |
| Operating Income | 4,898 | 3,605 | 35.9 |
| Net income | 2,262 | 2,916 | -22.4 |
| Basic EPS | 1 | 2 | -24.4 |
In USD million, except EPS
Continuing operations
| | FY '11 | FY '10 | Change |
| Own iron ore output | 54 | 49 | 10.6 |
| Iron ore shipped | 28 | 25 | 11.1 |
| Crude steel output | 92 | 91 | 1.4 |
| Steel shipment | 86 | 85 | 0.9 |
| EBITDA/tonne | 118 | 100 | 18.0 |
In million tonnes
Mr LN Mittal chairman & CEO of ArcelorMittal said that "The progressive recovery that we have been experiencing was impacted in the second half of the year by the growing uncertainty over the economic situation in Europe, which particularly affected sentiment and performance in the fourth quarter."
He added that "Nevertheless, against this backdrop ArcelorMittal delivered an improved underlying performance compared with 2010 and met our expectation of a higher EBITDA in the second half compared with the previous year. The Company continues to benefit from its diverse geographic presence and growing mining business, which delivered on its targets to increase iron-ore and coal production by 10% and 20% respectively. I must also remark on our health and safety performance, which showed an improvement in the injury frequency rate to 1.2 times in the fourth quarter."
He added that "Looking ahead to 2012, the situation in Europe remains a live concern. Despite the continued uncertainty in this market, however, we are seeing an improvement in sentiment compared with the fourth quarter. Steel shipment volumes for the first six months are expected to be similar to the first half of 2011 and we are again targeting increased production from our mining business."
