VIDEO: ThyssenKrupp and ArcelorMittal financial results round-up
The latest financial results from ThyssenKrupp and ArcelorMittal show that, while there are definite signs of improvement in earnings globally, the state of the European steel market remains fragile.
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ThyssenKrupp’s results for its fiscal first quarter, which began in October, detailed a 48% increase in earnings before interest, tax, depreciation and amortisation (Ebitda).
However, this was mainly driven by the company’s capital goods businesses.
Meanwhile, fourth-quarter earnings for the world’s largest steelmaker, ArcelorMittal, saw a 23% year on increase, for the October-December quarter.
In this video, Steel First’s Alexandra Chapman and Elfi Middelbeek take a closer look at the performance of both companies and the outlook for the rest of 2014.