Sales reached €1,373m (-15.6%), EBITDA €56m (-28.2%), current operating income €-91m (vs €-70m) and net income €-141m vs €-83m (after a €64m impairment on assets and tax receivables on H1 16). Net debt at the end of H1 16 reached €1,163m vs €878m at year-end 2015. No outlook is disclosed, which is not a surprise given the volatility in prices. Lastly, the group will issue a €100m perpetual convertible bond, the ownership interests planned by S
28 Jul 2016
H1 16 not so bad...but cash worries ahead ?
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H1 16 not so bad...but cash worries ahead ?
Eramet SA (ERA:PAR) | 0 0 (-1.2%) | Mkt Cap: 3,199m
- Published:
28 Jul 2016 -
Author:
Fabrice Farigoule -
Pages:
3
Sales reached €1,373m (-15.6%), EBITDA €56m (-28.2%), current operating income €-91m (vs €-70m) and net income €-141m vs €-83m (after a €64m impairment on assets and tax receivables on H1 16). Net debt at the end of H1 16 reached €1,163m vs €878m at year-end 2015. No outlook is disclosed, which is not a surprise given the volatility in prices. Lastly, the group will issue a €100m perpetual convertible bond, the ownership interests planned by S