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ArcelorMittal Ostrava (previously known as Nová Huť) is the largest metallurgical company in the Czech Republic. The Company was created as Vítkovice Steelworks in 1942 in Kunčice, a part of Ostrava town in the North-East of the Czech Republic. Following a partial privatisation at the beginning of 1990's, the declining steelworks were sold to Lakshmi Mittal in 2003. When Arcelor merged Mittal Steel in 2006, the Ostrava based company was re-named again to ArcelorMittal Ostrava. ArcelorMittal is the world's largest steel producer, with an annual crude steel production of nearly 94 mil tonnes as of 2012. Production activities of the company are focusing mainly on production and processing of hot metal and steel and rolled products production. The largest share of rolled products is represented by long and flat rolled products.

Finance

ArcelorMittal Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 1.53% a year during that time to total of CZK 1,628 mil in 2015, or 4.66% of sales. That’s compared to 4.17% average margin seen in last five years.

The company netted CZK 536 mil in 2015 implying ROE of 1.55% and ROCE of 2.61%. Again, the average figures were 2.58% and 4.76%, respectively when looking at the previous 5 years.

ArcelorMittal Czech Republic’s net debt amounted to CZK -150 mil at the end of 2015, or -0.006 of equity. When compared to EBITDA, net debt was -0.092x, up when compared to average of -0.260x seen in the last 5 years.