Eramet appoints Constand as treasury chief. Eramet stock sits 10.77 percent below its high

Published on 10/01/2026 at 08:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBITDA reached EUR 276 million in the first half of 2026, up 45.00 percent. Eramet stock costs EUR 43.67 on October 1, 2026 after EUR 43.89.

Eramet, FR0000131757, Illustration mit AI erstellt.

Eramet (FR0000131757) appointed Stéphanie Constand as group director of treasury and financing, a role she has held since August 1, 2026, according to Eramet. The stock was trading at EUR 43.67 in the pre-market at Lang & Schwarz on October 1, 2026, down 0.50 percent versus the prior close of EUR 43.89 on September 30, 2026.

Treasury move meets balance sheet pressure

Constand reports to group chief financial officer Simon Henochsberg, according to the company announcement dated September 22, 2026. The appointment adds a dedicated treasury leader while Eramet is executing a balance-sheet plan that includes a EUR 500 million capital increase approved at its May 27, 2026 shareholder meeting, as stated on the company investor page.

The financing task matters because Eramet reported net debt of EUR 1.868 billion at the end of the first half of 2026. That figure was EUR 1.935 billion a year earlier, a reduction of EUR 67 million, according to Eramet.

Half year figures set the baseline

Adjusted EBITDA rose to EUR 276 million in the first half of 2026 from EUR 191 million in the first half of 2025, an increase of 45.00 percent. Adjusted free cash flow improved to EUR 7 million from negative EUR 266 million over the same periods, while adjusted net income excluding SLN was negative EUR 146 million, compared with negative EUR 101 million.

The mix shows why the financing position remains central to the equity story: operating earnings improved sharply, but adjusted free cash flow was only marginally positive after the prior year's investment burden. Eramet's investor materials identify the Centenario lithium plant in Argentina as a major contributor to the 2025 capital expenditure load.

Stock sits below its yearly high

The quoted 52-week range was EUR 40.06 to EUR 48.94 on September 30, 2026. At EUR 43.67, Eramet stock was 10.77 percent below that high and 9.02 percent above the low. The next scheduled operating update is the third-quarter sales release on October 29, 2026, listed by Boursorama.

An analyst overview from Ideal Investisseur lists CIC Market Solutions at a EUR 47.00 target with a Hold rating. The same overview gives a median consensus target of EUR 51.48, making the analyst range a useful counterpoint to the stock's position below its yearly high.

Pre-market price and trading reference

Eramet was trading at EUR 43.67 at Lang & Schwarz on October 1, 2026 at 8:43 a.m. CEST, down 0.50 percent versus the Lang & Schwarz prior close of EUR 43.89 on September 30, 2026.