Eramet released its FY16 results. Sales reached €2,984m (-4%), EBITDA €375m (vs €92m), current operating income €84m (vs €-207m) and net income €-179m (vs €-714m) after an impairment of €167m on assets and tax receivables. Net debt at the end of FY16 reached €836m. No dividend will be proposed for FY16. The group has raised its cost savings target from €360m to €400m at the recurring operating income level. Moreover, the group is working
24 Feb 2017
FY16 above expectations and prospects improving
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FY16 above expectations and prospects improving
Eramet SA (ERA:PAR) | 0 0 (-1.2%) | Mkt Cap: 3,199m
- Published:
24 Feb 2017 -
Author:
Fabrice Farigoule -
Pages:
3
Eramet released its FY16 results. Sales reached €2,984m (-4%), EBITDA €375m (vs €92m), current operating income €84m (vs €-207m) and net income €-179m (vs €-714m) after an impairment of €167m on assets and tax receivables. Net debt at the end of FY16 reached €836m. No dividend will be proposed for FY16. The group has raised its cost savings target from €360m to €400m at the recurring operating income level. Moreover, the group is working