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ArcelorMittal announces the completion of its 85 million shares buyback program

1. ArcelorMittal completed an 85 million shares buyback program. 2. The buyback program was authorized by shareholder meetings in 2023 and 2024. 3. In 2024, ArcelorMittal generated revenues of $62.4 billion. 4. The company produced 57.9 million metric tonnes of crude steel last year. 5. ArcelorMittal aims to produce cleaner, stronger, and reusable steels.

Shares Buyback
-5.86%Current Return
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-3.38%S&P 500
$28.9904/02 04:45 AM EDTEvent Start
$27.2904/03 11:29 AM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks typically signal confidence in the company's future and can enhance shareholder value. Historical cases, like during the 2019-2020 buyback trends, saw stock prices positively influenced.

How important is it?

The completion of a significant buyback program signals robust financial health, likely to attract investor interest.

Why Short Term?

The immediate effect of the buyback will likely elevate share prices, improving market sentiment quickly.

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NUESTLDRSMTX
April 02, 2025 04:30 ET  | Source: ArcelorMittal S.A. 2 April 2025, 10:30 CET ArcelorMittal (the “Company”) today announces that it has completed the 85 million shares buyback program it announced on 5 May 2023 under the authorization given by the annual general meeting of shareholders of 2 May 2023 and continued under the 30 April 2024 annual general meeting of shareholders authorization. By market close on 1 April 2025, ArcelorMittal had repurchased 85 million shares. All details are available on the Company’s website at: https://corporate.arcelormittal.com/investors/equity-investors/share-buyback-program. ENDS About ArcelorMittal ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). http://corporate.arcelormittal.com/     Contact information ArcelorMittal Investor Relations       General +44 20 7543 1128 Retail +44 20 3214 2893 SRI +44 20 3214 2801 Bonds/CreditE-mail +33 171 921 026investor.relations@arcelormittal.com         Contact information ArcelorMittal Corporate Communications     Paul WeighTel:E-mail:     +44 20 3214 2419press@arcelormittal.com    

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