Eramet : Set for record H1, 2022 guidance remains conservative despite less buoyant context
>Set for a record H1 2022 driven by the manganese division - Eramet is expected to report record H1 2022 results on 27 July (after trading) thanks to an exceptional commodity pricing environment and the fall of the euro, despite inflation in production costs. We increased our EBITDA forecast to € 1.09bn (vs € 905m) and our attributable net profit forecast to € 632m (vs € 458m), which puts us at the upper end of the consensus provided by the company (average EBITDA € 1...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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