Eramet: 85% slump at the bottom line

(CercleFinance.com) - Eramet reports an 85% drop in annual net income (group share) to E109m, with a 59% drop in adjusted EBITDA to E772m, on adjusted sales of E3.
82bn, down 26% organically, on a negative price effect.

However, CEO Christel Bories notes that the second half of the year confirmed the strong improvement in our operating performance, notably with record manganese production in Gabon and continued strong growth in nickel production in Indonesia.

In line with its capital allocation policy aimed primarily at debt reduction, the mining and metals group will propose a dividend of E1.5 per share for the past financial year at its AGM on 30 May.

In a macroeconomic context that remains very difficult, with low market price levels at the start of the year, Eramet expects its financial performance in H1 2024 to be well below that of H2.


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