Ercros SA (ES:ECR) has released an update.
Ercros SA forecasts a lower EBITDA of 20-25 million euros for the first half of 2024, down from 45.2 million in the previous year, and anticipates sales of finished products to range between 345-355 million euros. The company has experienced production and sales setbacks due to force majeure incidents with two suppliers, impacting EBITDA by an estimated 2-3 million euros. Despite a delayed market recovery expected throughout 2025, Ercros remains committed to its 3D Plan and market presence.
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