tiprankstipranks
Trending News
More News >

Ercros Reports 2024 Financial Results Amidst Market Challenges

Story Highlights
  • Ercros reported an adjusted EBITDA of 29 million euros and a net loss of 12 million euros for 2024.
  • Ercros maintains a solid financial position and is optimistic about a gradual recovery in the European chemical industry.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ercros Reports 2024 Financial Results Amidst Market Challenges

Confident Investing Starts Here:

Ercros SA ( (ES:ECR) ) has shared an update.

Ercros reported an adjusted EBITDA of 29 million euros and a net loss of 12 million euros for fiscal year 2024, attributed to weak European demand, high energy costs, and strong competition. Despite these challenges, Ercros maintains a solid financial position with 110 million euros in liquidity and is optimistic about a gradual recovery in the European chemical industry from the second half of 2025. The company continues to execute its 3D Plan to improve operations and defend its margins while facing ongoing takeover bids.

More about Ercros SA

Ercros SA operates in the chemical industry, focusing on the production and sale of chemical products. The company is involved in digitalization, decarbonization, and diversification efforts to enhance its market presence and product portfolio.

YTD Price Performance: -7.87%

Average Trading Volume: 91,023

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €295.3M

For detailed information about ECR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1