- Ercros reduced net financial debt by EUR 8.6 million in 2025.
- The Spanish Securities Market Commission approved Bondalti Ibérica's takeover bid prospectus on February 10.
- Ercros' board rejected the takeover bid on February 19.
- Demand recovery in the European chemical industry is expected in the second half of 2026.
Financial Performance
In 2025, Ercros achieved a contribution of EUR 198 million and an adjusted EBITDA of EUR 8 million, but recorded losses of EUR 54 million. Despite these losses, the company reduced its net financial debt by EUR 8.6 million and maintained a solid financial position with EUR 99 million in liquidity.
Market Challenges
Ercros, like other European chemical companies, faced challenges from weak demand, high energy costs, and strong competition from non-EU countries. The U.S.-initiated tariff war increased Asian product presence in Europe, further impacting recovery efforts.
Strategic Actions
The company's cost reduction and revenue increase plan (CRP) is on schedule. Ercros continues to implement its 3D Plan, focusing on digitalization, decarbonization, and portfolio diversification to maintain market presence and competitiveness.
Takeover Bid
On February 10, the Spanish Securities Market Commission approved Bondalti Ibérica's takeover bid prospectus, with the acceptance period from February 12 to March 13, 2026. However, Ercros' board of directors rejected the bid on February 19.
Industry Outlook
Specialized publications forecast a recovery in European chemical industry demand in the second half of 2026, contingent on resolving the tariff crisis and implementing the European Commission's support plan.
