Report

Eramet : Encore beaucoup de défis à relever en 2019e

>Guidance 2019 : Comilog devra faire mieux qu’en 2018 - Pour 2019e, le management indique qu’il s’attend à un EBITDA proche de celui de 2018 aux prix spots actuels (Oddo-BHF : 786M€ vs 790M€). Le prix du minerai de manganèse se situe à 7,2$/dmtu (vs 7,16$/dmtu en moyenne en 2018 et un niveau moyen de 5,4$/dmtu sur près de 15 ans). La BU Manganèse (93% de l’EBITDA 2018) devrait au moins réitérer la performance de 2018 (soit 784M€). Pour ce faire, le management table su...
Underlying
Eramet SA

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.

Provider
Oddo BHF
Oddo BHF

​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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