The Constitutional Court's ruling on the limitation of offsetting of negative tax basis increases Ercros' profit to EUR 28 million
- In the 2023 financial year, Ercros has obtained a contribution of EUR 231 million, an ebitda of EUR 48 million and a profit of EUR 28 million.
- The profit for the year is due, in a very significant part, to the effect of the Constitutional Court's ruling on Royal Decree Law 3/2016, which adds EUR 26.1 million to the initial result of 1.5 million.
- The low initial result is the consequence of an environment of low demand for chemical products in Europe, with highly volatile markets and strong competition. The drastic increase in energy and raw material costs caused by the war in Ukraine in 2022 continues to distort the functioning of the European economies, despite their moderation in 2023.
- In any case, Ercros maintains a solid financial situation, with EUR 149 million of liquidity; will continue to execute the 3D Plan to advance in the digitalisation and decarbonization of its processes and operations; will maintain its presence in the markets in which it operates; and will take advantage of the opportunities that arise to defend its margins.
- Ercros will 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.
Income statements for the 2022 and 2021 fiscal years
Ercros guarantees that the relevant facts contained on this page correspond exactly to those sent by the Company to the CNMV, and disseminated by it to the market. The facts prior to those included in this section are available on the CNMV website.
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