Eramet : Shipshape for the future
Following the release of Q1 2019 sales and 2018 results, we are reiterating our Neutral (Hold) recommendation on the 2020 and 2024 bonds. - > - There were no major surprises in Eramet's Q1 2019 sales. - In short, the manganese business held up well despite lower prices compared to Q1 2018. The group is in line with its production targets, setting new production records. SLN is still going through a rough patch, hit by industrial strife and lower nickel pric...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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