Ercros obtains EUR 29 million in ebitda and registers EUR 12 million losses
- In the 2024 financial year, Ercros has obtained a contribution of EUR 225 million, an adjusted ebitda of EUR 29 million and recorded losses of EUR 12 million.
- These results stem from persistently weak European demand, high energy costs, and intense competition. Energy prices continue to undermine Europe's competitiveness compared to the US and Asia. However, there are signs that the sector may be entering the final phase of the current period of adjustments. At Ercros, this is reflected in a relative improvement in key indicators—such as sales, contribution, and ebitda—in the second half of 2024 compared to the same period in 2023.
- Ercros maintains a solid financial situation, with EUR 110 million of liquidity.
- The takeover bids of Bondalti Ibérica, S.L.U. and Esseco Industrial, S.P.A. for Ercros are still ongoing.
- The widespread consensus among specialized publications forecasts a gradual recovery in demand for the European chemical industry starting in the second half of 2025.
- In any case, Ercros will continue to execute the 3D Plan in order to advance in the digitalization of its operations, decarbonization of its activities and diversification and increase of its product portfolio; while maintaining its presence in the markets in which it operates and taking advantage of the opportunities that arise to defend its margins.
Income statements for the 2024 and 2023 fiscal years
Ercros guarantees that the relevant facts contained on this page correspond exactly to those sent by the Company to the CNMV, and disseminated by it to the market. The facts prior to those included in this section are available on the CNMV website.
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