Eramet : Qui va piano va sano
Les résultats 2024 ont été impactés par un contexte de marché difficile et un permis d’exploitation revu à la baisse par le gouvernement indonésien pour Weda Bay, sans toutefois s’éloigner des attentes. La situation financière s’est alourdie suite au rachat de la participation de 49.9% de Tsingshan dans Centenario mais cette opération fait sens d’un point de vue stratégique et opérationnel. A ce stade, nous anticipons une quasi-stabilité des ratios de crédit au cours des deux prochains exercices et nous révisions notre outlook de Négatif à Stable. Nous revoyons également notre recommandation sur les obligations 2028 et 2029 d’Alléger à Neutre.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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.