{"id":31588,"date":"2019-10-23T12:00:00","date_gmt":"2019-10-23T10:00:00","guid":{"rendered":"https:\/\/www.eramet.com\/non-classifiee\/third-quarter-2019-sales\/"},"modified":"2023-04-14T00:05:51","modified_gmt":"2023-04-13T22:05:51","slug":"third-quarter-2019-sales","status":"publish","type":"post","link":"https:\/\/www.eramet.com\/en\/news\/third-quarter-2019-sales\/","title":{"rendered":"Third quarter 2019 sales"},"content":{"rendered":"<div class=\"import2023\">\n<div class=\"chapo\">\n<\/div>\n<div  >\n<h3 >\nEramet: Sales of \u20ac895m in third-quarter 2019, in a mixed price environment<\/h3>\n<ul>\n<li>Q3 2019 <strong>sales <\/strong>of \u20ac895m, down 6% on Q3 2018, mainly due to an unfavourable price environment in Manganese activity and the impact of bringing quality processes into conformity at Aubert &#038; Duval<\/li>\n<li><strong>New quarterly production records<\/strong> for manganese ore and nickel ore<\/li>\n<li><strong>Mixed price environment<\/strong> in Q3: manganese ore prices down -17% and LME nickel prices up +18%, and before the positive impact of an appreciating US dollar versus the euro<\/li>\n<li><strong>Highly favourable momentum<\/strong> in <strong>Nickel activities<\/strong>:\n<ul>\n<li><strong>Decisive breakthrough in SLN&#8217;s rescue plan<\/strong>: compared to the 1<sup>st<\/sup> semester, cash cost down to USD 5.76\/lb in Q3 2019, particularly due to the record level of ore export volumes<\/li>\n<li><strong>Sandouville&#8217;s recovery confirmed<\/strong>: target to achieve break-even EBITDA after Q4 maintenance shutdown<\/li>\n<li><strong>Acceleration of Weda Bay Nickel<\/strong>: construction ahead of schedule with a start-up planned as early as H1 2020, for highly competitive NPI production<sup>1<\/sup><\/li>\n<\/ul>\n<\/li>\n<li><strong>2019 targets confirmed<\/strong>: production of 4.5 Mt of manganese ore, 720 kt of mineral sands and exports of 1.5 Mt of nickel ore<\/li>\n<li>Factoring in expected productivity gains in the 2<sup>nd<\/sup> half of the year, and with the assumption of market conditions of September 2019<sup>2<\/sup>, more mixed than at mid-year, <strong>forecast EBITDA for H2<\/strong> should be <strong>significantly above that of H1<\/strong>, nonetheless leading to full year EBITDA below those of 2018. However, the market and price environment has been particularly volatile in the last weeks.<\/li>\n<\/ul>\n<h6><sup>1<\/sup> NPI: Nickel Pig Iron, low-grade nickel ferroalloys ;\u00a0<br \/><sup>2<\/sup> In particular, the monthly average September manganese ore price came out at USD 5.49\/dmtu and nickel prices at USD 8.02\/lb (USD 17,673\/t)<\/h6>\n<p><img class=\"lazyload\" decoding=\"async\" alt=\"Verbatim Christel Bories - Q3 2019 sales\" data-entity-type=\"file\" data-entity-uuid=\"85d29bc7-1851-47b3-8b82-06a400004ef5\" data-responsive-image-style=\"editorialwysiwyg\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27960%27%20height%3D%27440%27%20viewBox%3D%270%200%20960%20440%27%3E%3Crect%20width%3D%27960%27%20height%3D%27440%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/www.eramet.com\/wp-content\/uploads\/2023\/03\/Verbatim-CB-WeWork-960x440-EN-1.png\" \/><\/p>\n<div >\n<a href=\"https:\/\/www.eramet.com\/sites\/default\/files\/2019-10\/Eramet-CP-T3_2019-2019-10-23-ENG-VF.pdf\">Read the press release<\/a><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eramet: Sales of \u20ac895m in third-quarter 2019, in a mixed price environment Q3 2019 sales of \u20ac895m, down 6% on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[84,44],"tags":[310],"class_list":["post-31588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-en","category-group","tag-turnover","nature-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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