Brief: Ercros Sees H1 Ordinary EBITDA Between 20-25 Mln Euros

Ercros SA

26/06/2024 07:22

June 26 (Reuters) - Ercros SA  ECR.MC :
    * H1 RESULTS HAVE BEEN NEGATIVELY AFFECTED BY FORCE MAJEURE
DECLARED BY TWO OF OUR SUPPLIERS, WHICH HAVE NEGATIVELY AFFECTED
PRODUCTIONS AND SALES IN PERIOD
    * SEES H1 ORDINARY EBITDA WITHIN THE RANGE 20 - 25 MILLION
EUROS,
AND H1 RESULT WITHIN RANGE OF -2 AND 0 MILLION EUROS
    * CONSENSUS OF SPECIALISED PUBLICATIONS ONCE AGAIN DELAYS
RECOVERY
FROM CURRENT ADJUSTMENT PERIOD, AND PLACES IT THROUGHOUT 2025
    * SEES H1 SALES OF FINISHED PRODUCTS IN RANGE 345 - 355
MILLION
EUROS AND CONTRIBUTION IN THE RANGE 120 - 125 MILLION EUROS
    * ESTIMATE BASED ON RESULTS CLOSED IN MAY AND MARKET
VISIBILITY IN
JUNE
    * WILL CONTINUE TO EXECUTE THE 3D PLAN, MAINTAIN ITS
PRESENCE IN
ALL MARKETS IN WHICH IT OPERATES

Source text for Eikon:  ID:nCNM8PdpLv 
Further company coverage:  ECR.MC 

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