Eramet SA
ERA
ISIN FR0000131757 / Valor 379923
Eramet SA
UMushroom community rating:
About company
Eramet SA is a leading global mining and metallurgy company that is actively involved in the development of low-carbon transport solutions. The company is focused on becoming a major player in battery recycling in Europe, with projects such as the ReLieVe project in collaboration with Suez. Additionally, Eramet is working with BASF to develop a hydrometallurgical plant in Indonesia that will produce nickel and cobalt salts, which are essential components for electric vehicle batteries. Through these initiatives, Eramet is positioning itself as a key player in the transition towards sustainable energy solutions.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (20.08.2024):
Revenue Decline
Eramet SA reported a revenue of €1,674 million for the first half of 2024, marking a 12% decrease compared to the same period in 2023. This decline was primarily due to a negative price effect in a challenging market environment, particularly for nickel.
EBITDA Performance
The Group's EBITDA for H1 2024 totaled €102 million. This figure reflects the impact of external factors, including unfavorable price effects and the absence of low-grade saprolite sales permits at Weda Bay, partially offset by reduced input costs and productivity gains.
Net Income
Eramet SA's net income, Group share, for the first half of 2024 was -€41 million. This includes the share of income from PT Weda Bay Nickel (€98 million) and losses related to SLN (-€72 million).
Free Cash Flow
Free Cash Flow (FCF) for Eramet SA in H1 2024 was -€521 million, including dividends received from Weda Bay, which were limited to €35 million. The Group's net debt stood at €711 million as of June 30, 2024, up from €614 million at the end of 2023.
Liquidity Position
As of June 30, 2024, Eramet SA maintained a high liquidity position, including undrawn credit lines, totaling €2.8 billion. The Group's capital allocation policy continues to prioritize deleveraging while investing in growth projects and rewarding shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1569 M
Market cap (USD)
23,268
Daily traded volume (Shares)
53.55 / 52.7
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
