2017: A constrating year for the Alloys division

The Alloys division is comprised of Aubert & Duval and Erasteel. Its activity is mainly focused on the aerospace, energy, nuclear, high speed steel, tooling and powder metallurgy markets.

2017 is a contrasting year for the Alloys division. Aubert & Duval, of which aerospace accounts for more than two-thirds of its sales, posted current operating income down 21% versus 2016. This was linked to operational difficulties and a level of production that was down sharply on the improvement targets set. As far as it is concerned, Erasteel posted 2017 current operating income of -6 M€, equivalent to a 15 M€ improvement on 2016. This is due to the success of the project for industrial reorganisation, for productivity and for marketing products portfolio dynamics, and to the favourable impact of raw materials’ prices. Conversely, the challenges in the ramp-up of the recycling of spent catalysts and batteries business impacted results.

 

 

Turnover by market in 2017

The aerospace sector remains strong in 2017 and stable compared to 2016.

 

Turnover (€ millions)

The Alloys division recorded sales up 15% to €1,087m compared to 2016.

 

Current Operating income (€ millions)

Current operating income stood at €32m, up 19% versus 2016, with highly contrasting trends for each business.

 

Industrial capex (in € millions)

The Alloys division slightly increased its investments in 2017.

It continued to structure its activities in titanium for the aerospace industry with the launch of EcoTitanium, the first European plant producing aviation-grade titanium from recycled materials, in September 2017. It thus continued its strategy of building a position in the circular economy.

It also broadened its industrial footprint in powder metallurgy, a sector driven by the growth in additive manufacturing. In May 2017, a new powder atomizing tower indeed came on stream at Les Ancizes site.

 

 

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