ArcelorMittal (referred to as "ArcelorMittal", or the "Company") (New York: MT; Amsterdam: MT; Madrid: MTS; Paris: MTP; Brussels: MTBL; Luxembourg: MT), the world's largest and most global steel company, today announced results for the three and twelve month periods ended December 31, 2007.
Highlights:
Record 2007 results
EBITDA of $19.4 billion, up 27% year-on-year
Net income of $10.4 billion, up 30% year-on-year
Strong cash flow from operations of $16.5 billion; $5.4 billion capex spend
Total return to ArcelorMittal shareholders of $4.4 billion in 2007, of which $1.8 billion in cash
dividends paid and $2.6 billion in share buy-backs
Synergies of $1.4 billion generated by end of 2007
Dividend distribution 2008
As per the Company's dividend policy of returning 30% of net income to shareholders, ArcelorMittal will return a total of $3.1 billion to shareholders in 2008, of which $2.1 billion will be in cash dividends and $1.0 billion in share buy-backs
To view detailed press release click on the attachment.
Sourced From: ArcelorMittal
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