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Eramet SA (ERMT.PA)

ERMT.PA on Paris Stock Exchange

21.82EUR
25 Sep 2020
Change (% chg)

€-0.68 (-3.02%)
Prev Close
€22.50
Open
€22.70
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€22.70
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€21.55
Volume
78,034
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83,914
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€55.56
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€18.66

Latest Key Developments (Source: Significant Developments)

Eramet H1 Sales Totalled EUR 1.7 Bln, Down 7%
Wednesday, 29 Jul 2020 

July 29 (Reuters) - ERAMET ::H1 2020 SALES TOTALLED €1.7BN, DOWN 7%.H1 COVID IMPACT ON EBITDA OF ABOUT -€80M.H1 GROUP EBITDA TOTALLED €120M, DOWN -€187M, OF WHICH ABOUT -€280M OF PRICE EFFECT.H1 NET LOSS GROUP SHARE AT €623M, PARTICULARLY REFLECTING CRISIS-RELATED ASSET IMPAIRMENTS.CAPEX CASH AMOUNTED TO €199M AT END-JUNE, OF WHICH €96M IN CURRENT CAPEX.END-H1 CASH LEVEL REMAINED HIGH AT €1,941M.ACCELERATION OF PORTFOLIO REVIEW OF LEAST PERFORMING ASSETS, ALL OPTIONS BEING CONSIDERED, INCLUDING POSSIBLE A&D DIVESTMENT.CONTINUES TO SUSPEND ITS GUIDANCE FOR 2020 CONSOLIDATED EBITDA.  Full Article

Eramet Launches Strategic Review Regarding Its Unit Aubert & Duval
Monday, 22 Jun 2020 

June 22 (Reuters) - Eramet SA ::RESPONSE TO RUMOURS ABOUT ITS SUBSIDIARY AUBERT & DUVAL.GROUP HAS INITIATED A DETAILED STRATEGIC REVIEW REGARDING ITS SUBSIDIARY, A&D, ALL OPTIONS BEING CONSIDERED.GROUP WILL COMMUNICATE IN DUE COURSE IN COMPLIANCE WITH RELEVANT REGULATION.VERY SIGNIFICANT SLOWDOWN OF AEROSPACE SECTOR WEIGHS STRONGLY ON ACTIVITY OF AUBERT & DUVAL ("A&D"), ERAMET'S SUBSIDIARY.A&D'S SITES ARE FACING A STRONG SLOWDOWN, AND PRODUCTION RATE OF EACH WORKSHOP IS ADJUSTED ON A REGULAR BASIS.BASED ON LATEST FORECAST, A&D TURNOVER SHOULD DECREASE BY APPROXIMATELY 20 % IN 2020 COMPARED TO 2019, WHICH WILL WEIGH ON ITS FINANCIAL PERFORMANCE AND SITUATION.  Full Article

Eramet to review overhaul plan for high-performance alloys unit - CEO
Tuesday, 26 May 2020 

May 26 (Reuters) - Eramet SA CEO Christel Bories tells shareholders::Eramet will review its overhaul plan for high-performance alloys unit due to the impact of the coronavirus pandemic on the aeronautics sector.  Full Article

Tronox To Acquire Norwegian Titanium Smelting Facility
Thursday, 14 May 2020 

May 14 (Reuters) - Tronox Holdings PLC ::TRONOX TO ACQUIRE NORWEGIAN TITANIUM SMELTING FACILITY.AGREED TO BUY TIZIR TITANIUM AND IRON BUSINESS FROM ERAMET S.A. FOR APPROXIMATELY $300 MILLION.TRANSACTION IS EXPECTED TO ACHIEVE $15-20 MILLION IN RUN-RATE SYNERGIES IN YEAR THREE.DEAL RECEIVED UNANIMOUS APPROVAL OF TRONOX AND ERAMET BOARDS.AS PART OF TRANSACTION, CO WILL ENTER A SUPPLY AGREEMENT WITH ERAMET'S GRANDE CÔTE OPERATIONS MINERAL SANDS MINE IN SENEGAL.  Full Article

Eramet's Joint Venture Weda Bay Nickel Starts Operations
Thursday, 30 Apr 2020 

April 30 (Reuters) - ERAMET SA ::FIRST METAL TAPPING AT WEDA BAY NICKEL, A KEY MILESTONE IN A SUCCESSFUL DEVELOPMENT.JOINT VENTURE BETWEEN ERAMET, TSINGSHAN AND PT ANTAM IS NOW FULLY ENTERING INTO OPERATIONS.RAMP UP WILL CONTINUE OVER COMING MONTHS, WITH STARTUP OF THREE OTHER FURNACES.  Full Article

Eramet Q1 Sales Down At 774 Million Euros
Tuesday, 28 Apr 2020 

April 28 (Reuters) - ERAMET SA ::Q1 2020 SALES OF €774M, DOWN 11%, AFFECTED BY THE DECLINE IN MATERIAL PRICES.Q1 SALES FELL 11 PERCENT TO 774 MILLION EUR.Q1 2020 PRODUCTION VOLUMES HAVE BEEN SOLD IN FULL.SLOWDOWN IN PRODUCTION IN HIGH-PERFORMANCE ALLOYS DIVISION SITES.LIMITED IMPACT OF COVID-19 PANDEMIC ON GROUP'S ACTIVITY IN Q1 2020.SALES OF €774M IN Q1 2020, DOWN 11% COMPARED TO Q1 2019, MAINLY DUE TO A SHARP DECLINE IN MANGANESE ORE AND FERRONICKEL PRICES.CASH REMAINING AT HIGH LEVEL, ALL CREDIT LINES HAVE BEEN DRAWN DOWN AS A PRECAUTION.CASH PRESERVATION PLAN HAS BEEN STRENGTHENED AND ACCELERATED.VERY LOW VISIBILITY FOR QUARTERS AHEAD, IN CONTEXT OF PANDEMIC: DECREASE IN DEMAND AND RESTRICTED SUPPLY RESULTING IN CONSIDERABLE UNCERTAINTY AND UNSTABLE MARKET EQUILIBRIUMS.SUSPENDED ITS GUIDANCE FOR 2020 PRODUCTION AND EBITDA.AS OF 31 DECEMBER 2019, GROUP HAD LIQUIDITY OF EUR 2.3BN, INCLUDING CREDIT LINES THAT HAD NOT BEEN DRAWN DOWN AT THAT DATE FOR EUR 1.5BN.IS STILL NOT IN A POSITION TO ACCURATELY ASSESS IMPACT OF HEALTH CRISIS ON 2020 PRODUCTION AND PERFORMANCE TARGETS.DURING Q1, ALL THOSE CREDIT LINES WERE DRAWN DOWN AS A PRECAUTION AND GROUP MAINTAINED A HIGH LEVEL OF CASH..PRODUCTION FOR AUBERT & DUVAL'S CONCERNED SITES WILL BE ADJUSTED OVER COMING QUARTERS SO IT IS ALIGNED WITH REDUCED RATES FROM LEADING AEROSPACE PLAYERS.  Full Article

Eramet CEO Decides To Forego 25% Of Pay To Contribute To Solidarity Plan
Thursday, 16 Apr 2020 

April 16 (Reuters) - Eramet SA ::ERAMET FULLY MOBILIZED IN THE FIGHT AGAINST THE COVID-19 PANDEMIC THANKS TO A SPECIAL SOLIDARITY PLAN.CREATION OF A SOLIDARITY PLAN BACKED BY ALLOCATION OF AN EXCEPTIONAL BUDGET OF 1.5 MILLION EUROS.WILL BE ABLE TO SPEND AROUND EUR 10 MILLION TO FUND PRACTICAL EFFORTS TO COMBAT SPREAD AND CONSEQUENCES OF PANDEMIC THROUGH HEALTH CARE PROJECTS.CHRISTEL BORIES, GROUP'S CHAIRMAN AND CEO, HAS DECIDED TO FOREGO 25% OF HER PAY AND TO CONTRIBUTE THIS AMOUNT TO SOLIDARITY PLAN.MEMBERS OF EXECUTIVE COMMITTEE DECIDED TO FOREGO 10% OF THEIR PAY AND CONTRIBUTE IT TO PLAN.MEMBERS OF BOARD OF DIRECTORS ALSO SUPPORTED THIS EFFORT BY FOREGOING 10% OF THEIR ANNUAL PAY, WHICH WILL CONTRIBUTE TO PLAN..  Full Article

Eramet Decides Not To Engage Construction Of Lithium Production Plant In Argentina
Wednesday, 8 Apr 2020 

April 8 (Reuters) - Eramet SA ::DECIDES NOT TO ENGAGE THE CONSTRUCTION OF ITS LITHIUM PRODUCTION PLANT IN ARGENTINA.CONSIDERABLE UNCERTAINTY IN GLOBAL ECONOMY AND PARTICULARLY IN RAW MATERIALS MARKETS, INCLUDING LITHIUM.ON CORONAVIRUS: IS STRENGTHENING AND ACCELERATING MEASURES TO PRESERVE ITS CASH, IN PARTICULAR BY REDUCING ITS INVESTMENTS.DECISION WILL RESULT IN RECOGNITION OF AN EXPENSE OF APPROXIMATELY EUR 150M.CASH OUTFLOWS WILL AMOUNT TO APPROXIMATELY EUR 90M IN 2020.  Full Article

Eramet Suspends Guidance For 2020 Production and EBITDA
Monday, 30 Mar 2020 

March 30 (Reuters) - ERAMET SA ::FULLY COMMITTED TO FACE THE COVID-19 HEALTH SITUATION.ON CORONAVIRUS: ERAMET IS CURRENTLY NOT IN A POSITION TO ACCURATELY MEASURE ITS IMPACT ON PRODUCTION AND PERFORMANCE TARGETS FOR 2020.ONCE THERE IS MORE VISIBILITY ON IMPACT OF PANDEMIC, ERAMET WILL PROVIDE AN UPDATE ON ITS OUTLOOK FOR CURRENT FINANCIAL YEAR.THE GROUP DECIDES TO SUSPEND GUIDANCE FOR 2020 PRODUCTION AND EBITDA.  Full Article

Eramet Sees Provisional EBITDA For 2020 Close To 400 Million Euros
Wednesday, 19 Feb 2020 

Feb 19 (Reuters) - Eramet SA ::FY SALES EUR ‍​3.67 BILLION VERSUS EUR 3.83 BILLION YEAR AGO.FY NET LOSS GROUP SHARE EUR ‍​184 MILLION VERSUS PROFIT OF EUR 53 MILLION YEAR AGO.FY EBITDA EUR ‍​630 MILLION VERSUS EUR 843 MILLION YEAR AGO.PROPOSES NO DIVIDEND.TO DATE, THE GROUP'S OPERATIONS HAVE NOT BEEN SIGNIFICANTLY AFFECTED BY THE CORONAVIRUS EPIDEMIC.ERAMET'S PROVISIONAL EBITDA FOR 2020 SHOULD BE CLOSE TO €400 MILLION, ASSUMING MARKET CONDITIONS IN JAN. 2020, AND WITHOUT TAKING INTO ACCOUNT POSSIBLE IMPACT OF CORONAVIRUS EPIDEMIC.PROGRESS ON THE STRATEGIC ROADMAP EXPECTED IN 2020, DESPITE A LESS FAVOURABLE ECONOMIC ENVIRONMENT.  Full Article

Deals of the day-Mergers and acquisitions

June 22 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: