Ercros profit reaches 45 million in 2018

Ercros closed 2018 with a profit of EUR 44.9 million, 0.9% higher than the one obtained in the previous year, and a turnover of EUR 639.5 million, 0.4% lower than that of 2017.

Although Ercros considers that it is still too early to make reliable forecasts about the performance of the company throughout 2019, Ercros is moderately optimistic due to the greater production capacity available (chlorine, caustic soda and polyols), despite the uncertainties that point to a certain deceleration of GDP growth.

The greater volume of production will foreseeably be accompanied by a decrease in the prices of final products in their respective markets, although it is expected that these prices will still remain above their historical average. On the other hand, the substitution of external production for own production -which has higher margins- should push the expected profits.

Regarding the prices of the main supplies, it is expected that margins pressure will ease, in accordance with the trend started on the fourth quarter of 2018. Nevertheless, electricity prices have remain above its 2018 highs.

Regarding the EUR/USD exchange rate, Ercros expects no relevant impact in 2019 compared to 2018.

Income statements for 2018 and 2017 fiscal years