OREANDA-NEWS. July 16, 2012. The consensus figures are based on analyst estimates recorded on an external web based tool to be provided and managed by an independent company called Vuma Financial Services Limited (trade name: Vuma Consensus), reported the press-centre of ArcelorMittal. 

To arrive at the consensus figures below, VUMA have aggregated the expectations of sell side analysts who, to our best knowledge, cover ArcelorMittal on a continuous basis. This is a group of about 30 brokers currently. The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views.

On this page we provide you with the analyst estimates compiled by Vuma Consensus, and 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
USD Million
Q2 2012E 18 USD 2,114

The consensus data is based on projections made by sell-side analysts. The sell-side analysts who cover ArcelorMittal and whose estimates are included in the group consensus outlined above are the following:

BHF Bank - Hermann Reith
Bankia Bolsa - Inigo Recio
Citigroup - Tom O’Hara
Commerzbank - Ingo-Martin Schachel
Credit Suisse - Michael Shillaker
Dahlman Rose & Co. - Anthony Rizzuto Jr.
Deutsche Bank - David Martin, Bastian Synagowitz
Exane BNP Paribas - Sylvain Brunet, Luc Pez
Grupo Santander - Juan Ramon Correas
HSBC - Thorsten Zimmermann
JP Morgan - Alessandro Abate
Kepler Capital Markets - Rochus Brauneiser
Macquarie Bank - Jeff Largey
Mainfirst - Alexander Hauenstein
Petercam - Alan Vandenberghe
RBC - Tim Huff
Societe Generale - Alain William
UBS - Carsten Riek.

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 www.arcelormittal.com"