Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ERAMET. We currently have 6 research reports from 1 professional analysts.
|23Dec16 07:38||GNW||ERAMET group: Update regarding operational incident at TiZir (a 50% ERAMET subsidiary) in Norway on 5 August 2016|
|12Dec16 07:41||GNW||ERAMET group: Agreement to sell ERACHEM (Manganese Chemicals) to PMHC II, Inc.|
|09Dec16 07:22||GNW||ERAMET group: Signature of an agreement in order to sell Eurotungstene to Umicore|
|09Nov16 06:59||GNW||ERAMET Group: 3rd quarter 2016 sales|
|24Oct16 07:24||GNW||ERAMET group: Update regarding operational incident at TiZir in Norway on 15 August 2016|
|30Sep16 04:29||GNW||ERAMET group: ODIRNAN: Final Terms|
|27Sep16 07:32||GNW||ERAMET group: ODIRNAN|
Frequency of research reports
Research reports on
Q3 trading statement: a clear improvement
09 Nov 16
Eramet released its Q3 16 trading statement. Sales reached €714m (-3.4% in Q3 yoy, +1% sequentially), in particular thanks to nickel (+6% yoy, +12.4% qoq) and manganese (-6% yoy but +9% qoq). For the first 9 months, sales were down 12% (-25% in nickel, -3% in alloys and -11% in manganese).
H1 16 not so bad...but cash worries ahead ?
28 Jul 16
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 SORAME/CEIR (Duval family) and the French State amounting to at least their share in the company (37.05% and 25.66% respectively).
FY15: the context is not improving
18 Feb 16
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.
Q3 15: from bad to worse
30 Oct 15
Eramet released its Q3 trading statement. Sales in Q3 reached €739m, down 6% yoy. Over 9 months, sales are up 2% to €2,365m. The Board has decided to strengthen its action plan to improve free cash flow by reducing capex to pure maintenance, postponing all other projects (and sticking to its cost reduction plan aimed at saving €360m yearly). The group also indicates that its operating profit in H2 will be lower than in H1 (where, as a reminder, EBITDA was €79m and current operating income €-70m).
Poor results, poor communication
30 Jul 15
Eramet released its H1 15 results. Sales were up 6% yoy to €1,626m, EBITDA down 62.1% to €78m, current operating income was €-70m vs €14m in H1 14 and, lastly, net income was €-83m vs €-59m. Net financial debt stood at €805m vs €547m in Q1 15 and €473m at year-end 2014.
GMP FirstEnergy ― UK Energy morning research package
06 Dec 16
Transglobe Energy (TGL CN); BUY, C$5.25: Homeward bound… back to Canada | Great Eastern Energy Corporation (GEEC LN) (not covered): Reserves update in India | BP (BP LN) (not covered): Acquiring interest in Tangguh in Indonesia | Exillon Energy (EXI LN) (not covered): Production update in Russia | Genel Energy (GENL LN); SPECULATIVE BUY, £2.60: Receipt of payment for Taq Taq export in Kurdistan | ExxonMobil (XOM US) (not covered): Relinquishing blocks in Kurdistan
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
16 Jan 17
We take a look at the rankings of the various countries in Africa that have a significant exposure to mining. We take the Transparency International corruption rankings as our starting point and modify these for exceptional geology and for current UK government travel warnings. Ghana, Botswana and Namibia come out as our top three, with Eritrea, Kenya and Zimbabwe at the bottom of our rankings.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.