Eramet : 2022: picking up where 2021 left off
>2021 was a good year - Eramet reported 2021 EBITDA of € 1,051m (vs € 293m in H1 2021 and € 398m in 2020) in line with our estimates and the consensus (€ 1bn). This figure includes an intrinsic performance of € 450m over 2 years (with +€ 164m in 2021). The manganese BU recorded EBITDA of € 910m (vs € 442m in 2020) thanks notably to sharply higher selling prices for manganese alloys, partially offset by higher freight costs which penalised Comilog whose FOB costs (now...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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