Eramet : Target price adjusted to € 137 following Q1 release, manganese price and SLN remain risks to the guidance
>A downward adjustment to the guidance due to both external and organic factors - Last Thursday, Eramet reported Q1 sales of € 775m, down 34% y-o-y due to falling commodity prices and operational issues, with the one-month suspension of traffic on the Transgaboanis which prevented the delivery of manganese ore, and a major equipment breakdown at GCO in Senegal. Whilst these are non-recurring elements and can be caught up over the rest of year, for us the key point of ...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.