Eramet : Disappointment on guidance should not overshadow intrinsic progress
>2020 guidance disappoints but current prices will not last - Management estimates that, thanks to the significant intrinsic progress expected, and taking into account the deterioration of manganese market conditions, the projected 2020 EBITDA should be close to € 400m (vs € 630 million in 2019) assuming market conditions in January 2020, and without taking into account the possible impact of the coronavirus epidemic. Their hypotheses are as follows: manganese ore pri...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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