About Atheros Communications, Inc. ROTTERDAM, Netherlands, Mittal
Steel
Company N.mittalsteel. Real Player or
Windows Media Player will be required in order to access the
web cast.
No Offer
No offer to exchange or purchase any Arcelor shares will be made in
the
Netherlands or in any jurisdiction other than Luxembourg, France, Spain,
Belgium and the United
States. Forward-looking statements are
statements that are not historical facts.
Sales were
higher at $3. In addition, as a result of the merger of ISG and
Ispat Inland to create Mittal Steel
USA on December 31, 2005, operating
income was negatively impacted by US$52 million due to the conformation
of
accounting policies of the merged entities., a Canadian subsidiary of
Mittal Steel Company
N.9 billion, on November
25, 2005. Profit after tax improved to SEK 52 million (43).
pronaci agencije
("Mittal Steel
" or "the Company"), the world's largest and
most global steel company, today announced results for
the three months and
year ended December 31, 2005.V.
2005 was also a year of considerable strategic
progress for the Company as we
further expanded our global position and strengthened our vertically
integrated model.6 million tons as compared with 13.
Average price realization in the three
months ended December 31, 2005,
remained flat as compared with the three months ended September 30
, 2005 (2%
higher excluding Mittal Steel Kryviy Rih) and decreased by 9% as compared
with the three
months ended December 31, 2004 (14% lower excluding ISG,
Mittal Steel Kryviy Rih and Mittal Steel
Zenica).
Selling, general and administrative expenses in the three months ended
December 31
, 2005 increased by 11% as compared with the three months ended
September 30, 2005, and decreased
by 4% as compared with the three months
ended December 31, 2004.8 billion for the three months ended
December 31, 2004.8 million tons
in the three months ended December 31, 2005, as compared with 3
.
On February 14, 2006, the Company's board of directors declared an
interim dividend of US
$ 0.
- Mittal Steel Company N.29%
respectively. completed its acquisition of 93.
For our
holdings, ICA and Forma, 2005 can be best described as an
investment year in which resources and
focus were largely aimed at
building a stable platform for future growth. Combined with an ambitious
establishment program,
this has resulted in increased share in a market characterized by
fierce
competition and the increased presence of low-price players.evrope besplatni
For more information, visit http://www
.Mittal Steel Company N.V. Reports Fourth Quarter and Full Year 2005 Results
0 million tons for the
three
months ended September 30, 2005, and 10.1 million tons for the three months
ended December
31, 2004.V.6 million tons for
the three months ended December 31, 2005, as compared with 4. The remaining
shares are traded on the Shenzhen Stock Exchange.
Outlook for first quarter 2006
For the
first quarter 2006, we expect shipments to increase by
approximately 10% due to the inclusion of
Mittal Steel Kryviy Rih for the
full quarter, overall average selling prices are expected to remain
flat, and
cost of sales are expected to increase primarily due to the increase in
natural gas
cost.92 0.
To download the year-end report as pdf, click on the following link:
http:
//hugin.duse ljudima
"The strength of our performance in current market conditions illustrates
the increased
stability that industry consolidation has delivered. This same
logic lies at the heart of our proposed
strategic merger with Arcelor.V.
Analysis of operations
The following analysis of operations
include the results of Mittal Steel
USA ISG Inc.
As a result, prior period results may not
be entirely comparable. The effective tax rate for the
three months ended December 31, 2005, was
11% as compared with 22% for the
three months ended September 30, 2005. Mittal Steel Company N.0
billion for the
three months ended September 30, 2005.V. The interest in
acquiring shares in Hakon
Invest was very high, from the general
public as well as institutions. Hakon
Invest owns 40% of
ICA AB, the Nordic region's leading retail company
with focus on food. Further information about
Hakon Invest is available at
www.agencije besplatni
42 4. The conference
call information is as follows:
Date: Wednesday, February 15, 2006
Time: 9:30 AM New
York Time / 2:30 PM London Time
Dial-In Number from within the U.S.mittalsteel
.4 billion or $4.7 billion, respectively,
compared to $22.'s income tax
expense for the three months
ended December 31, 2004, amounted to $2 million.
Sales were lower at $2.
Net debt (which
is total debt less cash and cash equivalents, short term
investments and restricted cash) at the
end of December 31, 2005, was $6.7 billion at September 30, 2005), as a result of the various
acquisitions
, partially offset by free cash flow.
On January 30, 2006, the Company entered into a EUR5 billion
credit
agreement with Goldman Sachs, Citigroup and Societe Generale, among others,
to finance
the cash portion of the offer for Arcelor along with related
transaction costs.
On December
19, 2005, Mittal Steel Europe called the euro denominated
senior secured notes due February 2011
, which were bearing interest at
11.V. CONSOLIDATED FINANCIAL + OTHER INFORMATION
MITTAL
STEEL COMPANY N.ljudima evrope
V.K.mittalsteel.42 per share for the
three months ended December 31, 2004. Net interest
expense for the three months ended December 31,
2005, was higher as compared with $50 million for
the three months ended
December 31, 2004 primarily due to the increased borrowing for the
acquisition
of, and assumption of debt at, ISG and Mittal Steel Kryviy Rih,
as well as the increase in base interest
rates.
On December 30, 2005, the Company signed a five-year $800 million
Committed Multicurrency
Letter of Credit and Guarantee Facility. The EUR70 million outstanding was repaid on February 1, 2006
at
105. and Stelfil Ltee plants located in Quebec,
and the Stelwire Limited plant in Ontario were
acquired at a cost of C$30
million.V.gradjana radija
Atheros combines its wireless
systems expertise with high
-performance radio frequency (RF), mixed signal and
digital semiconductor design skills to provide
highly integrated chipsets that
are manufacturable on low-cost, standard complementary metal-oxide
semiconductor (CMOS) processes.V.8 million tons for
the three months ended September 30, 2005
, and 2.
Asia + Africa
Total steel shipments in the Asia + Africa region were 2.
Liquidity
The Company's liquidity position remains strong.6 billion at December 31, 2004). entered
into an agreement with the
Indiana Finance Authority to issue Environmental Improvement Revenue
Refunding
Bonds, Series 2005 in an amount of approximately $51 million.
* The Board of Directors of Hakon
Invest proposes a dividend for
2005 of SEK 4.duse mjesto
"
Fourth quarter and full year 2005 Earnings
Conference Call
Lakshmi N.7 billion or $7.
Operating income for the three months ended
December 31, 2005, was $871
million as compared with $765 million for the three months ended September
30, 2005. The merger of ISG and Ispat Inland to create Mittal Steel USA on
December 31, 2005,
negatively affected operating income for the three months
ended December 31, 2005, by US$ 52 million
due to the conformation of
accounting policies of the merged entities. Total steel shipments for
the three months ended December
31, 2004, were 4.3 billion for the three months ended September 30
,
2005, and $2. Total steel shipments for
the three months ended December 31, 2004 were 2.
Operating income was marginally lower at $477 million for the three
months ended December 31,
2005 as compared with $479 million for the three
months ended September 30, 2005. Operating income
for the three months ended
December 31, 2005, was lower as compared with $688 million for the three
months ended December 31, 2004. Depreciation during the three months ended December 31,
2005,
was $259 million as compared with $215 million for the three months
ended September 30, 2005 primarily
due to inclusion of Mittal Steel Kryviy
Rih results for one month.
subsidiaries.67% stake
in
Hunan Valin on September 28, 2005, for a total consideration of US$338
million. On January 20, 2006
, as a result of publicly held outstanding
convertible bonds being converted into shares, the shareholdings
of both
Mittal Steel and Valin Group in Hunan Valin were diluted to 29.
- Mittal Steel Company
N.tuzle ljude
Investors and Arcelor security holders may obtain copies of the documents,
when available,
free of charge on the SEC's website at http://www. and their combined businesses
after completion
of the proposed acquisition. Forward-looking statements within the meaning of the Private
Securities
Litigation Reform Act of 1995 are generally identified by the
words "believe," "expect," "anticipate
," "target" or similar expressions. Steel shipments for the three months
ended December 31, 2005,
were 35% higher as compared with the three months
ended December 31, 2004, primarily due to the inclusion
of ISG and Mittal
Steel Kryviy Rih (6% lower excluding ISG, Mittal Steel Kryviy Rih and Mittal
Steel
Zenica). Cost of goods sold per
ton during the three months ended December 31, 2005, was higher by
15% as
compared with the three months ended December 31, 2004, primarily due to a
steep increase
in the cost of almost all inputs (5% higher excluding ISG,
Mittal Steel Kryviy Rih and Mittal Steel
Zenica).1 billion at September 30, 2005,
and $2.
During the three months ended December 31
, 2005, net cash provided by
operating activities was $1.5 billion, primarily to finance the acquisition
of Mittal Steel Kryviy
Rih.
For further details refer to the Company's press release issued
on
January 27, 2006, which can be located on the Company's website.
* Earnings per share amounted
to SEK 5.pronaci travnika
As a result, prior period results
may not be entirely comparable.: +1 617 614 2706
Dial-In Number from within the U.
Forward-Looking Statements
This communication
contains forward-looking information and statements
about Mittal Steel Company N.1 billion and $765
million, respectively, for the three
months ended September 30, 2005, and as compared with $6.1 billion
, respectively, for the twelve
months ended December 31, 2004.'s income tax expense for the three
months ended
December 31, 2005 amounted to $92 million as compared with $164 million for
the three
months ended September 30, 2005.
During the three months ended December 31, 2005, gross debt
increased by
$4.875%.
Recent Development
- On February 1, 2006, Mittal Canada Inc.
- Mittal Steel Company N. CONSOLIDATED BALANCE SHEETS
As of
December 31, September 30, December
31,
In millions of US dollars 2005 2005 2004
(Unaudited) (Unaudited) (Audited)
ASSETS
Current Assets
Cash and cash equivalents $ 2,035 $ 1,787 $ 2,495
Restricted cash
100 253 138
Short-term investments
14 10 1
Trade accounts receivable - net 2,287
2,572 2,006
Inventories 6,036 5,529 4,013
Prepaid expenses and other 1,040 850 666
current assets
Deferred tax assets - net 238 216 306
Total Current
Assets 11,750 11,217 9,625
Property, plant and equipment
- 15,539 10,913 7,562
net
Investments in affiliates and
1,187 1,166 667
joint ventures
Deferred tax assets - net
895 791 855
Intangible assets 1,439
103 106
Other assets 380 438 338
Total Assets $31,190 $24,628 $19,153
LIABILITIES
AND SHAREHOLDERS'
EQUITY
Current Liabilities
Payable to banks and current
$ 252 $ 259 $ 341
portion of long-term debt
Trade accounts payable
2,504 2,003 1,899
Dividend payable
- 70 1,650
Accrued expenses and other 2,661 3,095
2,307
current liabilities
Deferred tax liabilities - net 154
161 33
Total Current Liabilities 5,571 5,588
6,230
Long-term debt net of current 8,056 3,534 1,639
portion
Deferred tax liabilities - net 1,712 857 955
Deferred employee
benefits 2,506 1,832 1,931
Other long-term obligations
1,361 1,217 809
Total Liabilities 19,206 13
,028 11,564
Minority Interest 1,834 1,760 1,743
Shareholders' Equity
Common shares 60 60
59
Treasury stock (111) (112) (123)
Additional
paid-in capital 2,460 2,455 552
Retained earnings
7,887 7,312 4,739
Accumulated other comprehensive (146)
125 619
income/(loss)
Total Shareholders' Equity 10,150
9,840 5,846
Total Liabilities and $31,190 $24,628
$19,153
Shareholders' Equity
MITTAL STEEL COMPANY N.92 0.PRESS RELEASE Hakon
Invest AB Year-end Report January - December 2005
60).hakoninvest.evrope radija
The presentation
will be
webcast live via the investor relations section of the Atheros website
at http://www. ("ISG"), formerly
International Steel Group, which merged with Mittal Steel Company N.: +1 617 801 6888
Replay Number from within the U., Mittal Steel
Company will file important documents with
the United States Securities and
Exchange Commission (SEC), including a registration statement on
Form F-4, a
prospectus for the exchange offer and related documents.
Consolidated sales and
operating income for the twelve months ended
December 31, 2005, were $28.7 billion.
Net income
for the three months ended December 31, 2005, increased to
$650 million as compared with the three
months ended September 30, 2005, of
$478 million, and lower as compared with the three months ended
December 31,
2004, of $1.5 billion
as at December 31, 2005. CONSOLIDATED FINANCIAL + OTHER INFORMATION
Quarter Ended Year Ended
In millions of
December 31, September December 31,December 31, December
US dollars, 2005 30, 2005
2004 2005 31, 2004
except shares,
per share and
other data
(Unaudited)(Unaudited)(Unaudited) (Unaudited) (Audited)
STATEMENT OF
INCOME DATA
Sales $7,054 $7,050 $6,177 $28,132 $22,197
Costs and
expenses:
Cost of sales 5,642 5,816 4,017 21,495
14,694
(exclusive of
depreciation
shown
separately)
Depreciation
259 215 141 829 553
Selling, 282
254 294 1,062 804
general and
administrative
expenses
6,183 6,285 4,452 23,386 16,051
Operating
871 765 1,725 4,746 6,146
income
Operating
12% 11% 28% 17% 28%
margin
Other income 27
10 104 77 128
(expense) -
net
Income from
3 19 20 69 66
equity method
investments
Financing
costs:
Interest (114) (79) (86) (339)
(265)
(expense)
Interest 23 29 36 110
78
income
Net gain / 36 (13) (29) 40 (20)
(loss) from
foreign
exchange
(55) (63)
(79) (189) (207)
Income before 846 731 1,770 4,703
6,133
taxes and
minority
interest
Income tax
expense:
Current
141 71 266 663 731
Deferred (49
) 93 (264) 155 86
92 164
2 818 817
Income before 754 567 1,768 3,885 5
,316
minority
interest
Minority (104) (89) (214)
(520) (615)
interest
Net income $650 $478 $1,554 $3,365
$4,701
Basic earnings 0.8% for comparable units. There has not been as many private
individuals who registered to purchase shares in an initial public
offering since 2000, and the
first period for the Hakon Invest share
on the exchange also indicates that the initial interest
remains.info/135965/R/1036050/167528.ljudima unatrag
Important Information
In connection with its proposed
acquisition of Arcelor S.sec.
Group inter-company transactions have been eliminated in financial
consolidation.
Steel shipments were higher by 5% in the three months ended December 31,
2005
, as compared with the three months ended September 30, 2005 (1% higher
excluding Mittal Steel Kryviy
Rih).
Americas
Total steel shipments in the Americas region were 6.
Operating income
was $225 million for the three months ended December 31,
2005 as compared with $184 million for the
three months ended September 30,
2005, primarily due to higher volumes, slightly higher selling prices
partly
offset by higher costs.
Operating income was $173 million for the three months ended
December 31,
2005 as compared with $47 million for the three months ended September 30,
2005,
due to improved volumes and cost, partly offset by a negative impact of
$19 million on account of
purchase accounting at Mittal Steel Kryviy Rih.1 billion ($2.125 per share payable on March 15, 2006
, and
decided to propose to the general meeting of shareholders to amend the
dividend policy going
forward to a quarterly dividend of US$ 0., completed the acquisition of three Stelco Inc.31
earnings
per
common share
Weighted 704 704 643 687
643
average common
shares
outstanding
(in millions)
OTHER DATA
Total 13,642 12,976 10,097 49,178 42,071
shipments of
steel products
including
inter-company
shipments
(thousands of
short tons)
MITTAL STEEL COMPANY N.
* Consolidated revenues
amounted to SEK 611 million (622) in 2005, a
decline of 2% compared with the preceding year. Much
effort was
expended to establish a new Group organization and to build a
professional investment
organization, while at the same time we
purposely prepared the company for listing on the stock exchange
.zenica novosti
Atheros Communications is a leading developer of semiconductor system
solutions for wireless
communications products.31
The results for 2005 include Mittal Steel USA ISG Inc., Arcelor
S.1 billion and $4.2 million tons as compared to 42. The financial information has been prepared based
on US
generally accounting principles. for the three months
ended December 31, 2005, increased
to $91 million as compared with $50
million for the three months ended September 30, 2005, primarily
due to the
increased debt resulting from the Mittal Steel Kryviy Rih acquisition, as
well as the
provision for penalties arising from the early retirement of
certain long term debts totaling $11
million and the increase in base
interest rates.
Operating income was $480 million for the three
months ended December 31,
2004.2 million
tons for the three months ended September 30, 2005.125
per share. has launched an offer to the shareholders of
Arcelor SA ("Arcelor") which will create
the world's first 100 million ton
plus steel producer.V.02% of Mittal
Steel Kryviy Rih for a total
consideration of US $4.
Appendix 1 - Quarter 4 2005
Shipments by country (Thousands of
short tons)
Quarter Ended Year Ended
December 31, September 30, December 31,
2005 2005 2005
(Unaudited)
(Unaudited) (Unaudited)
Americaa
United States of America 4,838
4,322 14,299
Mexico - Lazaro Cardenas 799 976
3,908
Canada 371 340 1,461
Trinidad - Point Lisas 194 190 796
TOTAL
AMERICAS 6,202 5,828 20,464
Europe
West
Europe - Germany
and France 753 735 3,255
Poland 1,252 1,158 4,894
Romania
1,210 1,192 5,164
Czech Republic - Ostrava
755 691 2,692
Ukraine - Kryviy Rih 493
- 493
Others 143 188
715
TOTAL EUROPE 4,606 3,964 17,213
Asia and Africa
Kazakhstan - Temirtau 936 1,139
3,672
South Africa 1,675 1,801 6,866
Algeria - Annaba 223 244 963
TOTAL ASIA
AND AFRICA 2,834 3,184 11,501
MITTAL STEEL COMPANY
13,642 12,976 49,178
Figures for total shipments of steel products
(including inter-company
shipments)
Mittal Steel Company N.
Appendix 2- Quarter
4 2005
Figures in millions US dollars unless otherwise shown
Americas Europe Asia + Africa Elimination Mittal
Steel
Financial Information
Sales
3,695 1,957 1,836 (434) 7,054
Cost of
sales
(exclusive
of
depreciation) 3,264 1,603 1,235 (460) 5,642
Gross
profit
(before deducting
depreciation) 431 354 601 26
1,412
Gross margin
(as percentage of sales) 12% 18% 33% -
20%
Selling, general and
administrative expenses 91 132 74
(15) 282
Operating income * 225 173 477 (4)
871
Operating margin (as
percentage of sales) 6% 9% 26%
12%
EBITDA (PBT +
Interest +
depreciation) 373
321 593 (91) 1,196
EBITDA margin ( as
percentage of sales) 10
% 16% 32% 17%
Depreciation 115 87
57 - 259
Capex (133) (121) (172)
(426)
Operational Information
Liquid Steel
Production ('000 MT) 6
,207 4,872 3,192 14,271
Liquid Steel
Production ('000 ST) 6
,842 5,371 3,518 15,731
Shipments ('000 MT) 5,627 4,178
2,571 12,376
Shipments ('000 ST) 6,202 4,606 2,834
13,642
Employees (000) 24 129 74 227
* The merger of ISG and Ispat Inland to create Mittal Steel USA on
December 31, 2005, negatively
affected operating income for the three months
ended December 31, 2005, by US$ 52 million due to
the conformation of
accounting policies of the merged entities ---------------------------------
[1] Total steel shipments include inter-company shipments.evrope orahovica
These risks and uncertainties include
those discussed or
identified in the public filings with the Netherlands Authority for the
Financial
Markets in the Netherlands and the SEC made or to be made by Mittal
Steel, including on Form 20-F
and on Form F-4.
Sales were higher at $1.2 billion for the three months ended December 31, 2004
. Concurrently, the Company entered into a EUR3 billion
credit agreement with the same lenders to
refinance a pre-existing bridge
facility, used to finance the acquisition of Mittal Steel Kryviy
Rih. signed a MoU with the
State of Senegal to explore the development and production of iron ore
from
the Faleme group of iron ore deposits. announced on December 12, 2005, that it had
acquired
an additional 41% stake in Mittal Steel Zenica from the Kuwaiti
Investment Agency for US$98 million
, taking the total interest at 92%.V. We expect operating income to be higher as compared to the
fourth
quarter of 2005. In addition, Hakon Invest owns 100% of the shares
in Forma Publishing Group, which
is one of Sweden's largest
publishers.ljudima dnevne
This communication does not constitute an
offer to exchange
or purchase any Arcelor shares. Investors and
Arcelor security holders are urged to carefully read
all such documents when
they become available because they will contain important information.com
, or call:
MITTAL STEEL COMPANY N.6 billion or $2. net income for the twelve months
ended December
31, 2005, was $3.90 per share, as compared to net income of
$4.2 million tons in
the
three months ended December 31, 2005, as compared with 5.8 billion in the three months ended
December 31,
2005, as compared with $1.
Capital expenditure during the three months ended
December 31, 2005, was
$426 million as compared with $305 million for the three months ended
September
30, 2005.2
billion ($1.
MITTAL STEEL COMPANY N.V.50 per common share.agencije jednom
V.: +44 20 7365 8426
Pass code: Mittal Steel
For individuals unable to participate
in the conference call,
a telephone replay will be available until February 22, 2006 at:
Replay Number from within the U. REPORTS FOURTH QUARTER
AND FULL YEAR 2005 RESULTS
Mittal Steel Company N.V. (NYSE: MT; AEX: MT), net income
for the three
months ended December 31, 2005, was $650 million or $0.
Net interest expense
at Mittal Steel Company N.V. As of December 31, 2005,
the Company's cash and cash equivalents including
restricted cash and
short-term investments were $2.
On November 22, 2005, the Company N. The
Norambar Inc. The offer values each Arcelor share at EUR28.68 2.
President and CEO Claes
-Gran Sylvn comment the Year-end Report:
Fiscal 2005 was an eventful year for Hakon Invest.
As
the result of a significant earnings improvement for the ICA Group
during the fourth quarter of the
year, the year as a whole was also a
success financially.novosti ekipi
SUNNYVALE, Calif. Pacific time. The
steel industry needs strong, value creating, growing companies with global
reach which this combination
would deliver.com and will be available for one week.A.V.4 billion for the three months ended September
30,
2005. The facility
is to be used by the Company and its subsidiaries for the issuance of LCs
and
financial guarantees. Mittal Canada also assumed C$28 million in debt as part of the
acquisition
.pdf
Hakon Invest, which is listed on the Stockholm Stock Exchange
(Stockholmsbrsen) O-list
, conducts active and long-term nvestment
operations in retail-oriented companies in yhe Nordic region
.se
Copyright Hugin ASA 2006.agencije radija
The conference call will include
a brief question and answer
session with senior management. Mittal Steel undertakes no
obligation to publicly update its forward
-looking statements, whether as a
result of new information, future events, or otherwise.1 million
tons for the twelve months
ended December 31, 2004.
Mittal Steel Company N.8 million tons
.V. completed the acquisition of a 36.
Accordingly, the introduction on the O-List of the Stockholm
Stock
Exchange in December was a proof of success.gradjana evrope
(Nasdaq: ATHR), a leading developer of advanced
wireless
solutions, today announced that Dr.90 7.
- Further strengthening of global position
- US: ISG acquisition establishes Mittal Steel as No.gov, as well
as from Mittal Steel on
its website at http://www.
Cost of goods sold per ton during the three months ended December
31,
2005, remained flat as compared with the three months ended September 30,
2005 (1% higher
excluding Mittal Steel Kryviy Rih). Other income / expenses (net) for the three months
ended December
31, 2004, were $104 million.V. Operating income for the three
months ended December 31, 2005, was
lower as compared with $483 million for
the three months ended December 31, 2004. Cash and cash equivalents
, short-term investments and restricted cash
increased by approximately $100 million.
During
the three months ended December 31, 2005, net working capital
(inventory plus accounts receivable
plus prepaid expenses minus accounts
payable minus accrued expenses and other liabilities) improved
by $233
million.V.31
per common
share
Diluted 0.68 2
.V.
zenica novosti
com .atheros.68 2.21 which
represents a 27% premium over the closing price and all time
high on Euronext
Paris of Arcelor shares as at 26 January 2006, a 31% premium over the volume
weighted
average price in the preceding month, and a 55% premium over the
volume weighted average share price
in the preceding 12 months.
"We are pleased with the very positive reception our offer has received
,
and are confident that progress is being made towards establishing the
regulatory framework for
the offer. Mittal, Chairman and Chief Executive Officer, and Aditya
Mittal, President and Chief Financial
Officer, will host a conference call
for members of the investment community to discuss the Company
's financial
results and general business operations at 9:30 AM New York time / 2:30 PM
London
time on Wednesday, February 15, 2006.
Consolidated sales and operating income for the three months
ended
December 31, 2005, were $7.7
billion, respectively, for the three months ended December
31, 2004.
Total steel shipments[1] for the three months ended December 31, 2005,
were 13.
Total steel shipments for the twelve months ended December 31, 2005, were
49.6 billion, owing
to the reasons as discussed above.0 million tons
for the three months ended September 30, 2005 (4
% higher excluding Mittal
Steel Kryviy Rih).
During the three months ended December 31, 2005
, Mittal Steel paid out
interim dividends of $143 million.21 which
represents a 27% premium over
the closing price and all time high on Euronext
Paris of Arcelor shares as at 26 January 2006, a
31% premium over the volume
weighted average price in the preceding month, and a 55% premium over
the
volume weighted average share price in the preceding 12 months. The Faleme region has approximately
700 million tonnes of iron ore in South Eastern Senegal.42 4.32 (3. All rights reserved.orahovica ljudima
Atheros
to Present at TWP Growth Forum June 15
92 0.
For further details refer to the Company's
press release issued on
January 27, 2006, which can be located on the Company's website.: +44 20
7365 8427
Pass code: 19999424
A web cast of the conference
call can also be accessed via
http://www.A.com.31 per share for the twelve months ended December
31, 2004.2 billion and $6. Operating income for the three
months ended December 31, 2004, was $1
.
In the three months ended December 31, 2005, the aggregate tax rate was lower
primarily due to
release in valuation allowances and one-time tax credits in
some of our operating jurisdictions.
Europe
Total steel shipments in the European region were 4.V.90 7.evrope tuzle
Craig Barratt
, president and chief
executive officer and Jack Lazar, vice president and chief financial officer
,
will present at the Thomas Weisel Partners Growth Forum 7.
The presentation is scheduled
for 9:10 a.
Commenting, Lakshmi N Mittal, Chairman and CEO Mittal Steel Company, said:
"We are pleased to report solid performance in a more challenging year.S. These statements include
financial
projections and estimates and their underlying assumptions, statements
regarding plans
, objectives and expectations with respect to future
operations, products and services, and statements
regarding future
performance.
Although Mittal Steel's management believes that the expectations
reflected
in such forward-looking statements are reasonable, investors and holders of
Arcelor
's securities are cautioned that forward-looking information and
statements are subject to various
risks and uncertainties, many of which are
difficult to predict and generally beyond the control
of Mittal Steel, that
could cause actual results and developments to differ materially from those
expressed in, or implied or projected by, the forward-looking information and
statements., as
from April 15, 2005, the results of Mittal Steel Kryviy Rih,
as from November 26, 2005, and Mittal
Steel Zenica in Bosnia as from December
10, 2004.
Other income / expenses (net) for the three
months ended December 31,
2005, were $27 million as compared with $10 million for the three months
ended September 30, 2005.7 billion for the three months ended December 31,
2005, as compared with
$3.5 million tons.7 billion for the three months ended September 30,
2005 and $2.42 4.87
7. CONSOLIDATED STATEMENTS OF CASH FLOWS
Quarter Ended
Year Ended
In millions of December September December December December
US dollars 31, 2005 30, 2005 31, 2004 31, 2005 31, 2004
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Operating
activities:
Net income $650 $478 $1,554 $3,365 $4,701
Adjustments
required to
reconcile net
income to net
cash provided
by operations:
Depreciation 259 215 141 829 553
Net accretion
(46) (51) - (139) -
of purchased
intangibles
Deferred - 13 (111) 17 (56)
employee
benefit
costs
Net foreign (11) (7) 31 (30) 28
exchange
loss
(gain)
Deferred (49) 93 (264) 155 86
income tax
Gain from - - 22 - 22
early
extinguishment
of debt
Undistributed (15) (26) (42
) (65) (138)
earnings from
joint ventures
Loss (gain) on (14)
1 (20) (28) (19)
sale or
write-off of
property plant
+ equipment
Minority 104 89 214 520 615
interest
Other non cash (47) (35) (4) (113) (8)
operating
activities
Changes in
operating
assets and
liabilities,
net
of effects
from
acquisitions:
Trade accounts 236 (104) 449
406 (386)
receivable
Short-term (1) 14 3
5 -
investments
Inventories (351) 506 (564)
40 (1,374)
Prepaid (33) 64 201 (197) (160)
expenses and
other assets
Trade accounts 641 (5) (93)
15 160
payable
Accrued (260) (272) 230 (806
) 587
expenses and
other
liabilities
Net cash 1,063
973 1,747 3,974 4,611
provided by
operating
activities
Investing
activities:
Purchase of (426) (305) (376) (1,181
) (898)
property,
plant and
equipment
Proceeds from 15
15 61 59 83
sale of assets
and
investments
including
affiliates and
joint ventures
Acquisition of (4,891) (23
) (12) (6,220) (19)
net assets of
subsidiaries,
net of cash
acquired
Investment in 15 (337) 12 (300) 34
affiliates
and
joint ventures
Restricted 153 428 89 38
2
cash
Other (4) (4) (8) (8) (3)
investing
activities
Net cash used (5,138) (226) (234) (7,612
) (801)
in investing
activities
Financing
activities:
Proceeds
from 12 322 91 1,678 2,258
payable to
banks
Proceeds from 5,129 100 197 8,328 1,185
long-term debt
Debt issuance - - - (10) -
cost
Proceeds
from - - 30 - 76
long-term debt
from an
affiliate
Payments of (10) (582) (362) (1,807) (2,738)
payable to
banks
Payments of (657) (759) (752) (2,740)
(2,127)
long-term debt
Payments of - - (175) -
(175)
long-term debt
to an
affiliate
Purchase of -
- - - (54)
treasury stock
Sale of 3
- (1) 9 9
treasury stock
for stock
option
exercises
Dividends paid (143) (148) (351) (2,092) (763)
Others (1) 2 - (17) -
Net cash
4,333 (1,065) (1,323) 3,349 (2,329)
provided by
(used in)
financing
activities
Net increase 258 (318) 190 (289) 1,481
(decrease) in
cash and cash
equivalents
Effect of (10)
56 207 (171) 254
exchange rate
changes on
cash
Cash
and cash
equivalent:
At the 1,787 2,049 2,098 2,495
760
beginning of
the period
At the end of $2,035 $1,787 $2
,495 $2,035 $2,495
the period
Mittal Steel Company N. ICA AB's broad
price
-reduction campaign yielded a highly favorable result in the
form of a strong sales trend in the Swedish
stores during the second
half of the year.agencije mjesto
m.atheros.com or
send email to info@atheros.K.
For further information, visit our web site: http://www.
Mittal Steel Company N.8 million tons
for the three
months ended December 31, 2004.938% of par value.49% and 30.V. ICA AB's profit
after tax improved slightly to SEK 1,523 million (1,516).zenica novosti
Atheros technology is being used by a broad
base of leading customers, including personal computer and networking
equipment manufacturers
. from
April 15, 2005, and the results of Mittal Steel Kryviy Rih, formerly
Kryvorizhstal, as from
November 26, 2005. 1 producer in the US
- China: Signed first foreign steel-making JV in China
with Hunan Valin
Steel Tube + Wire
- India: Memorandum of Understanding ("MoU") signed to
build 12 million
ton vertically integrated steel plant in Jharkhand
- Ukraine: Acquisition
of Kryvorizstal
- Improved vertical integration
- Increased raw material reserves through
acquisitions in Ukraine,
Liberia, and MoU's in India and Senegal
Arcelor offer
- Mittal
Steel Company N. Such an offer will be made
only pursuant to an official offer document approved
by the appropriate
regulators.68 per share for the three
months ended September 30, 2005, and
$1. In addition, the Company, including
its operating subsidiaries, had available borrowing capacity
of $1.1 billion, as compared to $1.
- Mittal Steel Company N.V.
* ICA AB's ales rose by 3
.
* Forma Publishing's revenues were unchanged at SEK 596 million
(596).najnovije duse
, Atheros
Communications
, Inc.0 on Wednesday, June
15th at the Four Seasons Hotel in San Francisco.com.
Highlights:
Solid results given current market conditions
(US dollars in millions except
per share data and shipments)
4Q 2005 3Q 2005 4Q 2004 12M 2005 12M
2004
Shipments (000'ST) 13,642 12,976 10,097 49,178 42,071
Sales
7,054 7,050 6,177 28,132 22,197
Operating income 871 765 1,725
4,746 6,146
Net income 650 478 1,554 3,365 4,701
Earnings
Per Share ($) 0. has launched an offer to the shareholders of
Arcelor SA ("Arcelor") which will
create the world's first 100 million ton
plus steel producer. The offer values each Arcelor share
at EUR28.92 per share, as
compared with net income of $478 million or $0.1 billion and $871 million
, respectively, as
compared with $7.2 billion and $1. Sales were higher in the three months ended
December 31, 2005, as
compared to $1.8 billion for the three months ended December 31, 2004
primarily
due to the inclusion of ISG.0 billion in the three months ended December 31,
2005 as compared with
$2. Penalties arising from the early retirement of loans
amounted to $11 million (including $8 million
for euro denominated senior
secured notes) was provided for in the three months ended December 31
, 2005.
- On January 26, 2006, Mittal Steel Company N.V.
* Profit after tax in the Group amounted
to SEK 856 million (579),
up 48% compared with 2004.radija besplatni
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