Ence: 2017 results preview: Higher pulp prices should lead to record earnings
Ence: 2017 results preview: Higher pulp prices should lead to record earnings
Ence will report its 2017 results on February 20th after the market close. There will be a conference call on the 21st at 16:00h CET.
- We expect record earnings
- Pricing is at an all time high
- Watch out for the following data
- A cyclical downturn ?
- Recommendation: Buy
Ence Energia Y Celulosa is engaged in the manufacture and commercialization of wood pulp and derivatives. Co. divides its activities into the following two business lines: Forest Division: Co. manages timberlands in South America and the Iberian Peninsula. Co. is involved in trading of wood, and supplies solid wood products including: plywood, sawn timber, parquet flooring and glued-edge paneling. Co. is involved in forest and environmental consulting. Pulp Division and Energy Production: Co. is engaged in the production of Eucalyptus globulus-based TCF and ECF paper pulp. Co. is also involved in the generation of electricity through biomass power producing plants.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
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