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ERAMET Group
The very substantial measures taken in response to the crisis will be kept up.
As at the end of September, the ERAMET Group is in line with its goals:
- 140 ME cost reduction on a full-year basis, excluding mechanical decreases resulting from lower activity,
- Capital expenditure limited to 336 ME for the ERAMET Group in 2009.
The ERAMET Group is able to forecast current operating income around breakeven point for the 2nd half of 2009.
- ooOoo -
+-------------------------------+--------+--------+-------+--------+--------+-------+ | Turnover (ME) |Q2 2009 |Q2 2008 |Change |Q2 2009 |Q2 2008 |Change | +-------------------------------+--------+--------+-------+--------+--------+-------+ |ERAMET Manganese | 277 | 654 | - 58% | 288 | 519 | - 45% | +-------------------------------+--------+--------+-------+--------+--------+-------+ |ERAMET Nickel | 154 | 247 | - 38% | 156 | 308 | - 49% | +-------------------------------+--------+--------+-------+--------+--------+-------+ |ERAMET Alloys | 198 | 300 | - 34% | 222 | 292 | - 24% | +-------------------------------+--------+--------+-------+--------+--------+-------+ |Holding company & eliminations | (1) | 2 | % | (2) | (1) | - | +-------------------------------+--------+--------+-------+--------+--------+-------+ |ERAMET Group | 628 | 1 203 | - 48% | 664 | 1 118 | - 41% | +-------------------------------+--------+--------+-------+--------+--------+-------+
- ooOoo - Vice President Strategy and Investor Relations - Philippe Joly, Eramet (Paris): tel. +33 (0) 1 4538 4202 Shareholder information: http://www.eramet.fr
Copyright Hugin
The appendixes relating to the press release are available on: http://www.hugingroup.com/documents_ir/PJ/CO/2009/159688_88_IMDP_CAQ32009vFGB.doc
Information réglementée : Type : Nouvelle information Thème(s): Communiqués au titre de l'obligation d'information permanente - Communiqué sur comptes, résultats, chiffres d'affaires
This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
[CN#159688]
(END) Dow Jones Newswires
10-28-09 0201ET
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