ArcelorMittal South Africa declares force majeure, citing civil unrest

  • ArcelorMittal (MT) has declared force majeure on its South Africa operations, saying civil unrest has prevented the company from fulfilling its contractual and delivery obligations.
  • Riots in the KwaZulu-Natal and Gauteng provinces have slowed affected the freight rail corridor to and from the town of Newcastle, where its Newcastle Works is located, the company says.
  • Apart from impacts on dispatches due to the unrest and road closures, the company says it anticipates only limited impact on its operations in the short-term.

    For this year the company from Luxembourg could earn a total revenue around 71.91 billion euros. This is according to the average of the analysts' estimates. This is quite more than 2021's revenue of 53.27 billion euros.

    Historical revenues and results ArcelorMittal plus estimates 2021


    The analysts expect for 2021 a net profit of 12.32 billion euros. For this year most of the analysts expect a profit per share of 10.19 euros. The price-earnings-ratio equals 2.88.

    For this year the analysts expect a dividend of 37 cents per share. ArcelorMittal 's dividend yield thus equals 1.26 percent. The average dividend yield of the industrial companies equals an attractive1.61 percent.

    Newest target prices around 40 euros

    The most recent recommendations for the industrial metals company are from Deutsche Bank , JP Morgan and UBS .

    Based on the current number of shares ArcelorMittal 's market capitalization equals 29.73 billion euros. 217

    Price data ArcelorMittal 2007-2021

    stock price arcelormittal

    On Friday the stock closed at 29.38 euros. Nieuwsdienst: +31 084-0032-842

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