Eramet SA (XTER:ER7)

€ 95 -2.8 (-2.86%) Market Cap: 2.77 Bil Enterprise Value: 3.39 Bil PE Ratio: 25.84 PB Ratio: 1.73 GF Score: 74/100

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Half Year 2022 Eramet SA Earnings Call Transcript

Jul 28, 2022 / 08:30AM GMT

Release Date Price: €96.65

Transcript

Christel Bories

ERAMET S.A. - Chairman, CEO & President

Good morning everybody. And welcome to the -- this presentation of the half year results for the ERAMET Group. I know that this is a very busy day for most of you. There's a record number of results being released around the world today. So, thank you very much for being with us.

I will be giving you our comments on the results of the company with our new CFO, Nicolas Carre and I'm going to make a brief introduction to recall the highlights of the results, and Nicolas will present the operating and financial performance. And I'll conclude with our strategic roadmap and our outlook for the year.

By way of an introduction, clearly, ERAMET's results for the first half are good. In fact, they are, historically speaking, the best that the group has ever posted over a 6 month period. EBITDA was close to EUR 1 billion, posting EUR 982 million. We beat our production records in our mines. Safety has continued to improve, and it is important to beat financial production records. But this has to be done while ensuring safety. Free cash

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