Brief: Ercros 9-Month Net Profit Up At 50.5 Mln Euros YoY

Ercros SA

09/11/2022 06:43

Nov 9 (Reuters) - Ercros SA  ECR.MC :
    * 9-MONTH NET PROFIT 50.5 MILLION EUROS VERSUS 26.2 MILLION
EUROS
YEAR AGO
    * 9-MONTH REVENUE 821.8 MILLION EUROS VERSUS 587.1 MILLION
EUROS
YEAR AGO
    * 9-MONTH EBITDA 85.6 MILLION EUROS VERSUS 59.8 MILLION
EUROS YEAR
AGO
    * THE FORECAST FOR 2022: ADJUSTED EBITDA, EUR 100-115
MILLION;
PROFIT, EUR 55-70 MILLION; SALES OF FINISHED PRODUCTS, EUR 950
MILLION-1.00 BILLION; AND CONTRIBUTION, EUR 280-310 MILLION
    * AS OF 30 SEPTEMBER 2022, ERCROS' LIQUIDITY AMOUNTED TO EUR
138.62 MILLION, OF  WHICH EUR 49.21 MILLION WAS CASH AND EUR
89.41 MILLION WAS UNDRAWN CREDIT  LINES
    * SHAREHOLDER REMUNERATION POLICY  PROVIDES FOR A PAYOUT OF
UP TO
A MAXIMUM OF 50% OF PROFIT FOR THE YEAR, CONSISTING OF
REPURCHASE OF TREASURY SHARES UP TO A MAXIMUM OF 30% OF PROFIT
FOR 2022, PROVIDED THAT A  MINIMUM DIVIDEND OF 20% OF PROFIT IS
EXPECTED

Further company coverage:  ECR.MC 
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