Anglo American 2nd Half Recovery Was Better Than Expected -- Earnings Review
February 25 2021 - 6:31AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American PLC reported results for 2020 on Thursday. Here's
what we watched:
REVENUE: The FTSE 100 miner's revenue for 2020 came in at $30.90
billion, a 3% rise on the prior year, as stronger metals prices
offset operational disruptions. This exceeded the $29.96 billion
consensus estimate, taken from Vuma and based on nine analyst
forecasts.
UNDERLYING EBITDA: Anglo American reported underlying Ebitda of
$9.80 billion, beating the $9.39 billion market consensus--also
taken from Vuma and based on nine analyst estimates. In the six
months to June, underlying Ebitda had fallen 39% to $3.35 billion,
indicating a marked recovery in the second half of 2020.
WHAT WE WATCHED:
--DIVIDEND: The company's board proposed a final dividend of
$0.72 a share, in line with its established dividend policy to pay
out 40% of underlying earnings. This was also ahead of the $0.65
market consensus--taken from Vuma and based on nine analyst
forecasts.
--2021 PRODUCTION OUTLOOK: Anglo American didn't make any
changes to its production guidance for the current year.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
February 25, 2021 06:16 ET (11:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Anglo American (LSE:AAL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Anglo American (LSE:AAL)
Historical Stock Chart
From Apr 2023 to Apr 2024