BRIEF-ArcelorMittal: Positive Free Cash Flow Outlook In 2024 And Beyond

Reuters11-07

* ARCELORMITTAL REPORTS THIRD QUARTER 2024 RESULTS

* POSITIVE FREE CASH FLOW OUTLOOK IN 2024 AND BEYOND

* FY 2024 CAPEX IS EXPECTED TO BE WITHIN PREVIOUSLY COMMUNICATED GUIDANCE RANGE ($4.5BN-$5.0BN).

* COMPANY EXPECTS YEAR TO DATE INVESTMENT IN WORKING CAPITAL TO REVERSE BY YEAR END, SUPPORTING OUTLOOK FOR FREE CASH FLOW GENERATION

* COMPLETION OF COMPANY'S STRATEGIC GROWTH PROJECTS IS EXPECTED TO GENERATE ADDITIONAL EBITDA AND INVESTABLE CASH FLOW IN COMING PERIODS

* EXPECTS APPARENT DEMAND IN OUR AGGREGATE MARKETS TO BE HIGHER IN 2H 2024 VERSUS. 2H 2023

Source text: Further company coverage:

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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