Note on the results for the first half of 2024

Ercros obtains 21 million ebitda and EUR 1 million profit

• In the first half of 2024, Ercros obtains a contribution of EUR 125 million, an adjusted ebitda of EUR 21 million and a profit of EUR 1 million.
• These results have been achieved despite European demand that continues to show signs of weakness, with very volatile markets and subject to strong competition.
• Ercros maintains a solid financial situation, with EUR 135 million of liquidity.
• The ordinary general meeting of shareholders, held on June 28, approved the payment of a dividend of EUR 9.6 cents per share charged to 2023 profits. This dividend was made effective on July 10.
• As a consequence of the payment of the dividend, both Bondalti Ibérica, S.L.U. as Esseco Industrial, S.P.A. have adjusted downwards the prices of the respective takeover bids for the acquisition of 100% of the shares of Ercros, S.A. going from EUR 3.60 and EUR 3.84 per share to EUR 3.505 and EUR 3.745 per share, respectively.
• The consensus of specialized publications delays the recovery of demand in the European chemical industry, initially planned for the first half of 2024, to 2025.

• In any case, Ercros will continue to execute the 3D Plan in order to advance in the digitalization and decarbonization of its processes and operations, it will maintain its presence in all the markets in which it operates and will take advantage of the opportunities that arise to defend its margins. 

   

  Profit and loss account for the first half of 2024 and 2023