Eramet : H1 2021 results should confirm the improvement in Q1. H2 2021 EBITDA should show a sharp increase
>H1 EBITDA marked by the recovery in the mining & metals division - Eramet’s management is due to present the group’s H1 2021 results on 29 July. We expect EBITDA of € 300m (vs € 120m in H1 2020, € 278m in H2 2020), in line with the consensus forecast of € 313m. The manganese BU (EBITDA of € 271m vs € 234m in H1 2020) benefited from the firm trend in manganese ore prices (CIF China 44% at >$ 5/dmtu, i.e. a >20% increase relative to H2) and the ongoing growth in ore s...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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