By Kari Williamson
Due to the fall in turnover, the group now expects the full year operating result to be “lower” than 2010's €739m.
“In the medium and long terms, trends are healthy for the fundamentals of the group's businesses, which are driven by market growth in emerging countries, particularly China,” says ERAMET Group Chairmand and CEO, Patrick Buffet.
“The group will continue the modernisation of its current sites, which has already been widely implemented, the ramp-up of its organic growth projects, the in-depth study of its transformative projects and its policy of selective acquisitions and partnerships in all its businesses.”
Turnover by segment:
- ERAMET Manganese: €398m, -9%
- ERAMET Nickel: €200m, -4%
- ERAMET Alloys: €196m, +11%