Eramet SA (OTCPK:ERMAF)
$ 56.85 0 (0%) Market Cap: 1.59 Bil Enterprise Value: 3.23 Bil PE Ratio: 0 PB Ratio: 0.94 GF Score: 71/100

Full Year 2023 Eramet SA Earnings Call Transcript

Feb 22, 2024 / 09:30AM GMT
Release Date Price: $63.5
Christel Bories ERAMET S.A.;Chairman
CEO & President

Good morning -- good afternoon, everyone, and welcome to this presentation of our 2023 annual results.

Clearly 2023 has been a very challenging year for our industry and consequently for Eramet. We have been facing a very deteriorated price environment with a huge impact on our financial results. But thanks to the recent repositioning of our portfolio on high-quality assets and with strong fundamentals and thanks to our continuous improvement of operating performance, we have been able to withstand the downturn and pursue our development projects.

We have achieved a new record of production of nickel ore in Indonesia at Weda Bay and thanks to the rebound of our production of manganese ore in Gabon in H2, we managed to compensate for the logistic issues that we had at the beginning of the year.

Overall, our intrinsic performance in H2 has been very strong and showing our ability to react quickly to issues. Considering the very challenging environment and the rise of gross investments, we have delivered a

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