Eramet Expects Financial Performance In H1 To Be Significantly Below That Of H2
Eramet SA 
ERA:
ERAMET: ADJUSTED TURNOVER OF €761M IN Q1 2024
VOLUME GROWTH TARGETS CONFIRMED IN 2024
2024 OUTLOOK SET, AS EXPECTED, AGAINST BACKGROUND OF A LACKLUSTRE MARKET ENVIRONMENT, ALBEIT WITH IMPROVED PRICE LEVELS AT START OF Q2
FINANCIAL PERFORMANCE IN H1 2024 EXPECTED TO BE SIGNIFICANTLY BELOW THAT OF H2 2024
VOLUME GROWTH TARGETS CONFIRMED IN 2024 FOR GROUP'S MAIN MINING ACTIVITIES
CONTINUED STRICT COST CONTROL AND CONFIRMATION OF CONTROLLED CAPEX PLAN INCLUDING CONTINUATION OF GROWTH PROJECTS (OF AROUND EUR 700M TO EUR 750M6 FINANCED BY GROUP IN 2024)
Q1 SALES FOR MANGANESE ORE ACTIVITY WERE UP 22% TO EUR 254M
Q1 SALES FOR MANGANESE ALLOYS ACTIVITY WERE DOWN BY 16% TO EUR 193M, OWING TO A SHARP DECLINE IN PRICES
GROUP'S ADJUSTED TURNOVER INCLUDING PROPORTIONAL CONTRIBUTION OF WEDA BAY AMOUNTED TO EUR 761M IN Q1 2024, DOWN 19%
INPUT COSTS DECREASED OVER QUARTER VERSUS Q1 2023