Arcelormittal SA profits improve more than 100% YoY

VANDERBIJLPARK – Based on the information currently available, Arcelormittal South Africa expects:

• The earnings per share to improve from R1,80 loss per share for the comparative period to a profit within a range of R5,80 and R6,10 per share for the period (representing an improvement of more than 100%);
• The headline earnings per share are expected to improve from R1,90 headline loss per share for the comparative period to a headline profit per share within a range of R6,00 and R6,30 per share for the period (representing an improvement of more than 100%).

The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors.

ArcelorMittal South Africa’s preliminary reviewed condensed consolidated financial statements for the year ended 31 December 2021 will be released on SENS on 10 February 2022, with a virtual presentation on the same day. The presentation will be available for all stakeholders on the Company’s website at www.arcelormittalsa.com