ArcelorMittal South Africa Full Year 2024 Earnings: Misses Expectations

ArcelorMittal South Africa (JSE:ACL) Full Year 2024 Results

Key Financial Results

• Revenue: R38.6b (down 7.3% from FY 2023).
• Net loss: R5.84b (loss widened by 49% from FY 2023).
• R5.24 loss per share (further deteriorated from R3.52 loss in FY 2023).

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

ArcelorMittal South Africa Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.4% 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 17% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ArcelorMittal South Africa has 2 warning signs (and 1 which is concerning) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.