Brief: Ercros To Distribute Dividend Of 0.07 Eur/Shr Charged To 2023 Results

Ercros SA

27/02/2024 10:19

Feb 27 (Reuters) - Ercros SA  ECR.MC :
    * TO DISTRIBUTE A DIVIDEND CHARGED TO 2023 RESULTS OF EUR 7
CENTS
PER SHARE AND WILL REPURCHASE ITS OWN SHARES FOR AMORTIZATION UP
TO A TOTAL PAYOUT EQUAL TO 32,5% OF 2023 PROFIT
    * LOW INITIAL RESULT IS CONSEQUENCE OF ENVIRONMENT OF LOW
DEMAND
FOR CHEMICAL PRODUCTS IN EUROPE, WITH HIGHLY VOLATILE MARKETS
AND STRONG COMPETITION
    * COMPANY'S MARGINS AND VOLUMES WILL CONTINUE TO BE
NEGATIVELY
AFFECTED IN THE FIRST HALF OF 2024 AND WILL RECOVER GRADUALLY
THROUGHOUT THE REST OF THE YEAR
    * FY EBITDA 44.3 MILLION EUROS VERSUS 122.7 MILLION EUROS
YEAR AGO
    * FY ADJUSTED EBITDA 48.1 MILLION EUROS VERSUS 142.9 MILLION
EUROS
YEAR AGO

Source text for Eikon:  ID:nCNM2ktYwz 
Further company coverage:  ECR.MC 

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