The FY 20 results were in line with management guidance at the operating level, and above consensus
H2 was much stronger than H1 (EBITDA €278m vs €120m) on the back of higher nickel prices, increase in manganese volumes and nickel ore exports.
The group’s free cash flow was almost at break-even in FY20 (€-36m), which is good news given the level of debt
The outlook for FY21 is very positive thanks to volume expansion and the current commodity prices
17 Feb 2021
FY20 decent and a sound FY21 outlook
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FY20 decent and a sound FY21 outlook
Eramet (ERA:EPA), 0 | Eramet SA (ERA:PAR), 0
- Published:
17 Feb 2021 -
Author:
Fabrice Farigoule -
Pages:
3
The FY 20 results were in line with management guidance at the operating level, and above consensus
H2 was much stronger than H1 (EBITDA €278m vs €120m) on the back of higher nickel prices, increase in manganese volumes and nickel ore exports.
The group’s free cash flow was almost at break-even in FY20 (€-36m), which is good news given the level of debt
The outlook for FY21 is very positive thanks to volume expansion and the current commodity prices