The trading statement for the Q3 23 showed the expected sharp contraction in sales, leading to yet another reduction in the group’s guidance (the fourth in a row).
No uptick in prices is expected for Q4.
Lower input costs are helping, but the fall in profits is spectacular.
We will not change our estimates materially (at least for FY23) since we had expected this negative development.
In our view, there is room to improve the group’s communication.
26 Oct 2023
Trading statement: a rather poor Q3 and yet another profit warning.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading statement: a rather poor Q3 and yet another profit warning.
Eramet (ERA:EPA), 0 | Eramet SA (ERA:PAR), 0
- Published:
26 Oct 2023 -
Author:
Fabrice Farigoule -
Pages:
3
The trading statement for the Q3 23 showed the expected sharp contraction in sales, leading to yet another reduction in the group’s guidance (the fourth in a row).
No uptick in prices is expected for Q4.
Lower input costs are helping, but the fall in profits is spectacular.
We will not change our estimates materially (at least for FY23) since we had expected this negative development.
In our view, there is room to improve the group’s communication.