The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Vuma Financial Services Limited (trade name: Vuma Consensus).
To arrive at the consensus figures below, Vuma Consensus has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of about 20-25 brokers.
The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. 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 $ million |
| 1Q 2020 | 18 | $867 |
The sell-side analysts who cover ArcelorMittal and whose estimates are included in the Group consensus outlined above are the following:
- Ahorro – Cesar Bergon
- Bank of America Merrill Lynch – Jason Fairclough
- BBVA – Luis de Toledo
- Citi – Ephrem Ravi
- Commerzbank – Ingo-Martin Schachel
- Credit Suisse – Carsten Riek
- Deutsche Bank – Bastian Synagowitz
- Exane – Seth Rosenfeld
- Groupo Santander – Robert Jackson
- GVC Gaesco Beka – Iñigo Recio Pascual
- ING – Stijn Demeester
- Jefferies – Alan Spence
- JPM – Luke Nelson
- KeyBanc – Phil Gibbs
- Morgan Stanley – Alain Gabriel
- Oddo – Alain Williams
- Societe Générale – Christian Georges
- UBS – Myles Allsop
SOURCE: ArcelorMittal
