Eramet Sa Unsp/Adr (ERMAY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Eramet's annual result presentation. I know most of you from my past as chair and CEO of Eramet in the last eight years. And as you know, I have resumed the role of CEO on an interim basis at the request of the board. It was not part of my personal plan. One year ago, I decided not to seek a third mandate for personal reasons, and I have not changed my mind. However, when the board asked me to step in, I felt the responsibility towards the group, towards its stakeholders, and above all, towards its teams. I know this company extremely well. I know its strengths. And I know what it takes to navigate a difficult cycle. And I want to see the group succeed. So this is a temporary mission. A search for a new CEO is underway. but I will stay as long as needed to ensure continuity and stability for the group, and I will hand over once a successor will be appointed. In the meantime, I'm fully engaged and fully accountable, and as you will see today, I have a strong team with me, so operational and financial continuity is fully ensured at Eramet. So the agenda of today is the following. I will do an introduction. Then we will go through our 2025 financial results. And it will be presented by our acting CFO. Simon Nuxberg has been in Eramet for a few years now. He is our head of strategy. He's coming with a strong financial background and experience in banking. And he's today in charge of treasury financing and investor relation. Then we will focus on our operating and financial performance by activity and on the group performance improvement plan. And this will be presented by Charles Noël. Charles Noël is our COO. He has been in Eramet for 20 years. He has been in the COO position for three years now. And Charles is also in charge of th...