ArcelorMittal South Africa Full Year 2023 Earnings: R3.52 loss per share (vs R2.36 profit in FY 2022)

ArcelorMittal South Africa (JSE:ACL) Full Year 2023 Results

Key Financial Results

• Revenue: R41.6b (up 2.1% from FY 2022).
• Net loss: R3.92b (down by 249% from R2.63b profit in FY 2022).
• R3.52 loss per share (down from R2.36 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ArcelorMittal South Africa Earnings Insights

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in South Africa.

Performance of the South African Metals and Mining industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for ArcelorMittal South Africa (1 shouldn't be ignored!) that you need to take into consideration.

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