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Recursos humanos

In the first half of 2020, Ercros foresees to obtain an ebitda within the range EUR [20-25] million

Barcelona, June 3, 2020. - Ercros foresees to obtain, in the first half of 2020, an ebitda within the range of EUR [20-25] million, and a profit within the range of EUR [2-5] million. These figures compare with an ebitda of EUR 29.7 million and a profit of EUR 10.5 million in the same period of the previous year. The fall in sales volume is estimated within the range of [10%-15%] and that of turnover within the range of [15%-25%]. These decreases are partially offset by an increase in the company's contribution margin, which we estimate to be within the range of [35%-40%] compared to 32.8% in the first half of 2019.

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Ercros will hold its shareholders' meeting exclusively telematically

Barcelona, 22 May 2020. - The board of directors of Ercros, S.A. (“Ercros” or the “Company”), in its meeting held on 20 May 2020, has resolved to hold the ordinary general shareholders meeting exclusively by electronic means, without the physical attendance of shareholders or representatives, on the same date and time specified in the call announcement.

The meeting is scheduled to take place at the company’s registered office (Avda. Diagonal 593-595, Barcelona) on 4 June 2020 at 12pm on first call and, if the necessary quorum is not meet, at the same time and venue on 5 June 2020 on second call (the “meeting”). Shareholders are informed that, based on past experience, the meeting will likely be held on second call, that is, Friday 5 June at 12pm

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Ercros renews the syndicated financing agreement

Barcelona, May 8, 2020. - On Wednesday, May 6, 2020, Ercros signed the syndicated financing renewal agreement with a pool of financial institutions.

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Diversification and flexibility, Ercros’ tools to mitigate the effects of covid-19

Barcelona, 14 May 2020.

  • Despite the stoppage of activity and the fall in prices, demand was resilient in the first quarter.
  • Raw materials fell 22%.
  • The contribution margin to sales ratio increased 3 percentage points compared to Q1 2019.
  • Ercros renewed the syndicated facility agreement.

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Ercros maintains the planned shareholder remuneration

Barcelona, 30 April 2020. - The Ercros board of directors has proposed to the ordinary general meeting the approval of a remuneration for the shareholders total amounting to EUR 13.99 million, which represents a payout of 45% of the 2019 consolidated profit. Likewise, the board proposes to the general meeting the re-election of four directors and the appointment of a new one.

The meeting is scheduled to be held, most likely, electronically on June 5, on second call.

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In figures

  • 1,290 employees
  • 88% at facilities
  • 9% at corporation
  • 3% at commercial network
  • 42% workers
  • 43% technicians
  • 15% administrative

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