ArcelorMittal breaks records on the stock exchanges
ArcelorMittal was recently labelled ’star’ of the French stock exchange in 2007 by La Tribune newspaper. Stocks on the Paris stock exchange rose by 73%. But it is not only in France that ArcelorMittal’s share price has performed exceptionally well.
ArcelorMittal was the best performer in the Amsterdam AEX and among the top performers globally in the Eurostoxx 50. While the company’s share price rose by 73% in Europe, it also increased by 96% in the US. These figures are all very impressive given that, globally, the metals and mining stocks were up by 48%, the steel stocks by 36% and the general stock market by just 5%.
Key in achieving this performance were a combination of company and sector performance, reflected in ArcelorMittal’s results and profitability, and the effort in Investor Relations. With fears of a recession in the US and a potentially difficult economic environment globally, the challenge for 2008 will be to continue to deliver strong financial results.
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