Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Eramet    ERA   FR0000131757

ERAMET

(ERA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Eramet: Update on manganese ore and nickel price trends and the Group's outlook for the 2019 financial year

share with twitter share with LinkedIn share with facebook
share via e-mail
12/13/2019 | 02:00am EDT

Paris, 13 December 2019, 08:00 am

PRESS RELEASE

Eramet: Update on manganese ore and nickel price trends and the Group's outlook for the 2019 financial year

In recent months, Eramet has performed well in terms of production, confirming its targets for 2019, and in particular: production of 4.5 Mt of manganese ore, 720 kt of mineral sands and
1.5 Mt of nickel ore exports.

As a reminder, Eramet’s results are particularly sensitive to raw material prices, in a global context of very high volatility particularly in the second half of the year.

CRU1 recently published the average manganese ore price (CIF China 44%) for November, an index price monitored by the market. This price amounts to USD 3.67/dmtu, down 33% from the September average (USD 5.49/dmtu). At the same time, the LME nickel price averaged
USD 6.89/lb in November (USD 15,200/t), also down 14% from September (USD 8.02/lb representing USD 17,673/t). The beginning of December does not mark a reversal of the trend.

Despite a solid level of activity with confirmed production targets for the year, given the price environment to date, and with the assumption of continuing market conditions of November 20192, forecast EBITDA for the second half of the year should be in line with that of the first half.

In addition, in the fourth quarter, Comilog made an exceptional tax payment to the Gabonese government (€113m), as well as a payment of dividends to the company's minority shareholders (€63m).

Furthermore, as announced in the Q3 press release, Eramet has secured a loan for general purposes and investment, with a 2-year maturity and an option that can be exercised by Eramet to extend it to January 2024. The financing was upsized from €225m to €350m, as a result of participation from 8 French and international banks in total, two of which will support Eramet for the first time.

Calendar

19.02.2020: Publication of 2019 annual results

20.02.2020: Webcast & 2019 annual results presentation

28.04.2020: Publication of 2020 first-quarter sales

ABOUT ERAMET

Eramet, a global mining and metallurgical group, is a key player in the extraction and valorisation of metals (manganese, nickel, mineral sands) and the elaboration and transformation of alloys with a high added value (high- speed steels, high-performance steels, superalloys, aluminium, and titanium alloys).

The Group supports the energy transition by developing activities with high growth potential. These include lithium extraction and refining, and recycling.

Eramet positions itself as the privileged partner of its customers in sectors that include carbon and stainless steel, aerospace, pigments, energy, and new battery generations.

Building on its operating excellence, the quality of its investments and the expertise of its employees, the Group leverages an industrial, managerial, and societal model that is virtuous and value-accretive.
 As a contributive corporate citizen, Eramet strives for a sustainable and responsible industry.

Eramet employs around 13,000 people in 20 countries with sales of approximately €4 billion in 2018.

For further information, go to www.eramet.com

INVESTOR CONTACT

Executive VP Strategy and Innovation - Investor Relations

Philippe Gundermann
T. +33 1 45 38 42 78

Investor Relations Manager

Sandrine Nourry-Dabi
T. +33 1 45 38 37 02

 

Follow us with the Eramet Finance app:
IOS:
https://itunes.apple.com/fr/app/eramet-finance/id1115212055?mt=8


Android:
https://play.google.com/store/apps/details?id=com.eramet.finance


 
PRESS CONTACT

Communications Director

Pauline Briand

T. +33 1 45 38 31 76

pauline.briand@eramet.com


 

Image 7

Marie Artzner
T. +33 1 53 70 74 31 | M. +33 6 75 74 31 73
martzner@image7.fr


 






1 CRU: an independent company specialising in the analysis and publication of index prices for mining products and metals markets, including manganese ore and alloys



2 In particular, the monthly average November manganese ore price (CIF China 44%) amounted to 3.67 USD/dmtu and nickel prices at USD 6.89/lb (USD 15,200/t)



Attachment

Primary Logo


© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ERAMET
02:08aERAMET : Lithium Project in Argentina
PU
02:00aEramet decides not to engage the construction of its lithium production plant..
GL
04/06ERAMET : Notice of meeting published in the BALO - 2020 General Assembly
PU
04/01ERAMET : Green Investment Group supports Norway's energy transition with Buheii ..
PU
03/31ERAMET : Release of the 2019 Universal Registration Document
AQ
03/30ERAMET : Fully committed to face the Covid-19 health situation
GL
03/01Small miners hungry for fresh capital despite rampant EV enthusiasm
RE
02/20ERAMET : Tizir 2019 results
AQ
02/20EUROPEAN PRESS ROUNDUP : Spain's Renfe Will Receive $6 Billion For U.S. Contract
DJ
02/19ERAMET : EBITDA at €630m in 2019, reflecting good operating performance, in a de..
GL
More news
Financials (EUR)
Sales 2019 3 577 M
EBIT 2019 342 M
Net income 2019 -8,62 M
Debt 2019 1 152 M
Yield 2019 1,13%
P/E ratio 2019 -93,6x
P/E ratio 2020 8,58x
EV / Sales2019 0,54x
EV / Sales2020 0,53x
Capitalization 781 M
Chart ERAMET
Duration : Period :
Eramet Technical Analysis Chart | ERA | FR0000131757 | MarketScreener
Technical analysis trends ERAMET
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 44,58  €
Last Close Price 29,53  €
Spread / Highest target 130%
Spread / Average Target 51,0%
Spread / Lowest Target 1,59%
EPS Revisions
Managers
NameTitle
Christel Bories Chairman & Chief Executive Officer
Thomas Devedjian Chief Financial Officer
Georges Jacques Gilbert Duval Director
Édouard Duval Director
Cyrille Duval Director
Sector and Competitors
1st jan.Capitalization (M$)
ERAMET-35.58%851
BHP GROUP-0.91%92 349
RIO TINTO PLC-16.13%78 849
ANGLO AMERICAN PLC-34.33%21 552
GRUPO MÉXICO, S.A.B. DE C.V.-1.57%14 014
POLYMETAL INTERNATIONAL PLC16.36%8 074