- FY18 broadly in line despite a lower net income on tax and impairment. - FY19 will see two major decisions: capacity expansion in Gabon (manganese) and the lithium project in Argentina. - Other issues remain the process quality issue in Alloys (€65m provisioned) and the “restructuring” in nickel. - The group expects a similar EBITDA level in FY19. - Probably no big changes to our numbers/opinion: the story remains a mid-term one, on inroads into the energy transition field.
21 Feb 2019
FY OK. New projects ahead.
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FY OK. New projects ahead.
Eramet SA (ERA:PAR) | 0 0 (-1.2%) | Mkt Cap: 3,199m
- Published:
21 Feb 2019 -
Author:
Fabrice Farigoule -
Pages:
3
- FY18 broadly in line despite a lower net income on tax and impairment. - FY19 will see two major decisions: capacity expansion in Gabon (manganese) and the lithium project in Argentina. - Other issues remain the process quality issue in Alloys (€65m provisioned) and the “restructuring” in nickel. - The group expects a similar EBITDA level in FY19. - Probably no big changes to our numbers/opinion: the story remains a mid-term one, on inroads into the energy transition field.