Eramet : A little patience…
After an exceptional 2022, the price environment is less supportive and the consensus has downgraded its forecasts for nickel and manganese prices after their decline in recent weeks, potentially forcing Eramet to cut its annual adjusted EBITDA target at the next half-year results (due out on 26 July). We have lowered our estimate to € 905m (vs the group’s most recent guidance of € 1.1bn). - That said, the balance sheet and liquidity remain very solid and the latest bond refinanci...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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