Eramet : Roadshow feedback: good outlook for 2023 and well-stocked pipeline in transition metals, Target price lifted to € 143 vs € 141
>Good year in 2022, favourable outlook for 2023 driven by mining activities - We welcomed CEO Christel Bories and CFO Nicolas Carré at a virtual roadshow. Management recapped on 2022 results slightly ahead of market expectations with EBITDA of € 1.55bn (excluding Weda Bay) vs a consensus of € 1.5bn. The encouraging production figures for SLN with the commissioning of the temporary offshore power plant and the continued favourable market conditions in Mineral Sands exp...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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