Eramet : Disappointing H1 19 results
H1 2019 results were disappointing (except in the mineral sands division, which continues to post a solid performance): besides lower prices in the nickel and manganese divisions, which came as no surprise; strikes at SLN took a heavy toll on production and the cash cost spiralled upwards again, resulting in a loss of € 57m, whereas SLN generated a profit of € 4m in H1 2018. Quality problems at Aubert & Duval also severely dented earnings (adjusted loss of € 23m). To a lesser ext...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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