Eramet: Q1 revenue flat
(CercleFinance.com) - Eramet announces flat Q1 revenue (+0.
3%) at 873 million euros, albeit at a high level, driven by growth in manganese (+7%) and mineralised sands (+136%) in its mining and metals division.
The group posted a record production for this period of the year in manganese and nickel ores, notably thanks to the new organisations set up, as well as significant progress of the SLN safeguard plan.
Eramet confirms its production targets for 2019, expecting intrinsic growth and productivity gains, which lead it to forecast EBITDA that is close to its level of 2018, assuming market conditions of March 2019.
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