Nickel sag drives 4.9% fall in Eramet’s 3d-qtr. revenue

Oct 22, 2013 | 12:30 PM | Rey Mashayekhi

Tags  Eramet, nickel, manganese, quarterly revenue, Rey Mashayekhi

NEW YORK — Weak nickel prices led Eramet SA to record lower revenue in the third quarter and the first nine months of the year, it said Oct. 21 in a report on its earnings results.

Paris-based Eramet posted third-quarter revenue of €754 million ($1.03 billion), down 4.9 percent from €793 million in the same period last year. The company cited a 23.5-percent decline in quarterly revenue at its Eramet Nickel division, to €150 million ($205 million) from €196 million in the year-ago period, as cause for the companywide decline in revenue.....

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