ERAMET Group recorded strong results for FY 2017, driven in particular by sales growth of 22% versus 2016 at €3, 652 m (+30% at constant scope and exchange rates).
Scope and currency effects had a negative impact of - €240m. On the one hand, they notably reflect the sale of the Manganese division's chemicals and recycling business (- € 205m) and the sale of Eurotungstene (- € 24m), and on the other, the negative currency impact (- €28m, largely owing to the Euro versus US dollar exchange rate).
Group current operating income was up sharply at €608m, mainly driven by very favourable price development in manganese, but also by productivity gains of €99m (i.e. a total of €405m over the 2014 - 2017 period, in line with the raised target).
Net income Group share was positive at €203m whereas a loss of €179m was reported for 2016.
Net debt stood at €376m at 31 December 2017, versus € 836m at end-2016. Free Cash-Flow, which has been positive over the past three semesters, amounted to €476 m in 2017.
It includes a non-recurring effect of €25 m linked to disposal of the Group's headquarters situated in the Tour Montparnasse. Relocation of the Group's headquarters in Paris is scheduled for June 2018.
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Eramet SA published this content on 21 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 February 2018 11:00:06 UTC.
Original documenthttp://www.eramet.com/en/news/eramet-results-2017-lights-are-green
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Eramet, a global mining and metallurgical group, is a key player in the extraction and valorisation of metals (manganese, nickel, mineral sands) and the elaboration and transformation of alloys with a high added value (high-speed steels, high-performance steels, superalloys, aluminium and titanium alloys).
The group supports the energy transition by developing activities with high growth potential. These include lithium extraction and refining, and recycling.
Eramet positions itself as the privileged partner of its customers in sectors that include carbon and stainless steel, aerospace, pigments, energy, and new battery generations.
Building on its operating excellence, the quality of its investments and the expertise of its employees, the group leverages an industrial, managerial and societal model that is virtuous and value-accretive.
Net sales break down by family of products mainly between manganese (60.8%), nickel (30.6%), and mineralized sands (8.5%).
Net sales are distributed geographically as follows: France (1.3%), Europe (20.4%), China (31.1%), Asia (29%), North America (12.4%), Africa (2.3%), Oceania (2.2%) and South America (1.3%).
ERAMET 
