The consensus figures are based on analyst estimates recorded on an external web- based tool to be provided and managed by an independent company called Vuma Financial Services Limited (trade name: Vuma Consensus).
To arrive at the consensus figures below, VUMA have 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 around 30 brokers. The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views.
Ebitda consensus estimates
| Period | Number of sell-side analysts participation |
Ebitda consensus average $ million |
| Q3 2014E | 24 | $1,816 |
The consensus data is based on projections made by sell-side analysts. The sell-side analysts who cover ArcelorMittal and whose estimates are included in the group consensus outlined above are the following:
- ABN Amro – Philip Ngotho
- Barclays Bank – Vladimir Sergievskiy
- Bank of America Merrill Lynch – Cedar Ekblom
- BEKA Finance – Iñigo Recio Pascual
- Citi – Michael Flitton
- Commerzbank – Ingo-Martin Schachel
- Cowen & Company – Tony Rizzuto
- Credit Suisse – Michael Shillaker
- Deutsche Bank – Bastian Synagowitz
- Exane BNP Paribas – Luc Pez
- Goldman Sachs – Stephen Benson
- HSBC – Thorsten Zimmerman
- ING – Jaap Kuin
- Jefferies International– Seth Rosenfeld; Alan Spence
- JP Morgan – Alessandro Abate
- Kepler Cheuvreux – Rochus Brauneiser
- MainFirst – Alexander Hauenstein
- Macquarie – Jeff Largey
- Nomura – Sarah Barr
- Petercam – Junior Cuigniez
- Rabobank International – Frank Claassen
- RBC Capital Markets – Tim Huff, Ioannis Masvoulas
- Société Générale– Alain William
- UBS – Carsten Riek
