ARCELOR: 2006 Annual Results.LUXEMBOURG -- The Board of Directors' meeting held on February 20th, 2007 under the chairmanship of Joseph Kinsch reviewed the financial elements of the Arcelor Group and Arcelor SA for 2006. After completion of Mittal Steel's offer and mandatory sell out procedure, Arcelor is a subsidiary of Mittal Steel. Mittal Steel is now listed under the name Arcelor Mittal1. Mittal Steel and Arcelor are actively preparing their merger that they aim to complete by July 2007. In 2006, the Arcelor Group realized revenues of 40.6 billion euros, an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of 5.9 billion euros and a net profit, Group share of 3 billion euros. Arcelor shares remain listed on the stock exchanges of Paris, Brussels, Luxembourg and on the Spanish stock exchanges of Madrid, Barcelona, Bilbao and Valencia. As indicated in the company's coordinated articles of association, Arcelor's Annual General Meeting of Shareholders will be held in Luxembourg on April 27th, 2007. [TABLE OMITTED] Consolidated balance sheet consolidated balance sheet A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm. [TABLE OMITTED] * 2005 comparative information restated following the change in accounting on pensions in 2006 [TABLE OMITTED] * 2005 comparative information restated following the change in accounting on pensions in 2006 Notes to the accounts The Group recognises actuarial gains and losses immediately in shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. as of January 1st 2006 and thus replaces the corridor policy allowing deferred recognition of net actuarial gains and losses. Comparative figures have been restated accordingly. 1 Arcelor Mittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP (1) (Message Transfer Part) See SS7. (2) (Media Transfer Protocol) A Microsoft enhancement to the picture transfer protocol (PTP), starting with Windows Media Player 10 in Windows XP. ), Brussels (MTBL MTBL Mean Time Between Data Loss ), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid (MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. ) and Valencia. |
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