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Eramet SA (ERMT.PA)

ERMT.PA on Paris Stock Exchange

43.34EUR
28 Jun 2017
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Latest Key Developments (Source: Significant Developments)

France says to transfer Eramet stake from BPI France to FSI
Wednesday, 27 Jul 2016 01:42pm EDT 

French finance ministry says in statement on Wednesday: It is in negotiations to transfer a 25.66 percent stake in mining group Eramet from state investment bank BPI France to FSI Equation, another state investment vehicle . The operation is expected be concluded by the end of August . The deal is part of a reorganisation of the state's stakeholdings .The ministry confirms that the French state will support convertible bond issue announced earlier by Eramet.  Full Article

Eramet H1 EBITDA drops to 56 million euros
Wednesday, 27 Jul 2016 11:48am EDT 

Eramet : H1 EBITDA EUR 56 million versus EUR 78 million year ago . Sales stood at EUR 1.37 billion in first-half 2016, down nearly 16% compared with first-half 2015 . H1 nickel production 25,737 metric tons versus 26,279 metric tons year ago .H1 manganese alloys production 349,000 metric tons versus 352,700 metric tons year ago.  Full Article

Eramet H1 net loss widens to 141 million euros
Wednesday, 27 Jul 2016 11:48am EDT 

Eramet Sa :H1 net income, group share was loss of 141 million euros ($154.97 million), down compared with first-half 2015 (loss 83 million euros).  Full Article

Eramet announces recovery plan project for Societe le Nickel
Monday, 9 May 2016 12:02pm EDT 

Eramet : Recovery plan project for Societe le Nickel (SLN) . Agreement in principle reached between SLN's shareholders on financing scheme and related arrangements . Strengthening of cost reduction and productivity improvement plan . Objective is to reduce SLN's cash cost by 25 pct compared with 2015 average at end-2017 at an annual rate to $4.50/lb on basis of economic conditions of early 2016 . Project will be submitted to staff representative bodies as well as SLN's board of directors in May 2016 . Eramet's board of directors has agreed to provide additional financing of 40 million euros ($45.61 million) to ensure SLN's continued operations until end-June . Board of directors has also noted that STCPI has been offered financing by French government up to 200 million euros .STCPI has agreed to ensure its financial contribution share towards SLN's continued operations and roll-out of cost reduction and productivity improvement plan project.  Full Article

Eramet comments on Q2 2016 outlook
Friday, 22 Apr 2016 11:46am EDT 

Eramet SA:Sees increase in Eramet Manganese sales in Q2 2016 compared with Q1.Sees decline in current operating income in first half-year compared with same period in 2015.Pursuit of cash-flow protection measures remains absolute operational priority for all group's teams, particularly at SLN.  Full Article

Eramet issues H2 2015 operating income
Thursday, 29 Oct 2015 12:45pm EDT 

Eramet SA:Says H2 current operating income should be lower than for H1.  Full Article

Thomas Devedjian to become Eramet CFO
Tuesday, 15 Sep 2015 10:46am EDT 

Eramet SA:Announces Thomas Devedjian joining the Eramet group.After an integration period, Thomas Devedjian will be nominated chief financial officer from January 1, 2016.  Full Article

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