Eramet released FY15 results. Sales reached €3,109m (-1.2%), EBITDA €92m (vs 363m), operating income €-207m (vs €75m) and net result €-714m (vs €-159) after a €668m impairment charge on assets and tax receivables (€474m and €194m, respectively). Net debt at year-end 2015 reached €878m (vs €552m). No dividend will be paid. No real outlook was given at this stage, the group only stating that cost reductions were more than ever on the agenda
18 Feb 2016
FY15: the context is not improving
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY15: the context is not improving
Eramet SA (ERA:PAR) | 0 0 (-1.2%) | Mkt Cap: 3,199m
- Published:
18 Feb 2016 -
Author:
Fabrice Farigoule -
Pages:
2
Eramet released FY15 results. Sales reached €3,109m (-1.2%), EBITDA €92m (vs 363m), operating income €-207m (vs €75m) and net result €-714m (vs €-159) after a €668m impairment charge on assets and tax receivables (€474m and €194m, respectively). Net debt at year-end 2015 reached €878m (vs €552m). No dividend will be paid. No real outlook was given at this stage, the group only stating that cost reductions were more than ever on the agenda