Eramet : Short-term outlook subdued, good competitive positions and exposure to the energy transition key strengths for the medium term
>Q3 below expectations due to weak manganese and nickel volumes - Eramet released Q3 sales of € 809m, down 17% YoY and below our estimates due to weak volumes in its main activities.In the Manganese division, the exceptionally favourable environment stemming from the suspension of the Gemco mine in March has moved against the group. In attempting to impose prices that were too high in a Chinese context depressed by falling steel production, alloy makers were enco...Eramet is a mining and metallurgical group, which specializes in the extraction, production and marketing of non-ferrous metals, their chemical derivatives, alloys and superalloys, and parts. Co.'s operations are divided into three divisions: Nickel division which focuses on nickel and its derivative applications; Manganese division which focuses on manganese alloys, manganese chemical derivatives and provides recovery and recycling services of metals contained in oil-industry catalysts, electric batteries and acid solutions; and Alloys division which produces and sells special high-performance steels, superalloys and pre-machined parts based on these materials or aluminium and titanium.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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