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 email@example.com; @JaimeLlinaresT
(END) Dow Jones Newswires
February 25, 2021 06:16 ET (11:16 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.