The Eramet mining group in a renaissance phase

2022-02-23T20:10:07.292Z

The company is posting solid results, enabling it to develop its energy transition projects. Governance crisis, non-strategic subsidiaries in losses, political instability in New Caledonia and internal fraud. The mining group Eramet is leaving a complicated year behind it after publishing 2021 annual results on Wednesday which it describes as “excellent” . Ebitda (earnings before interest, taxes and provisions) has doubled, and exceeded one billion euros last year. After a loss of 675 mi

Governance crisis, non-strategic subsidiaries in losses, political instability in New Caledonia and internal fraud.

The mining group Eramet is leaving a complicated year behind it after publishing 2021 annual results on Wednesday which it describes

as “excellent”

Ebitda (earnings before interest, taxes and provisions) has doubled, and exceeded one billion euros last year.

After a loss of 675 million euros in 2020, the net result is back in the green at nearly 300 million euros, for a turnover of 3.7 billion euros.

Deleveraging

These results reflect the change in the group.

Firstly because they are no longer penalized by two subsidiaries far from its core business.

These, in the red, are in the process of being sold and therefore removed from the 2021 results - namely Aubert & Duval (specialist in high-performance steels) and the Sandouville hydrometallurgy plant.

In addition, the group's operational performance does not seem to have been…

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Source: lefigaro

All business articles on 2022-02-23