Ence : Full pockets and several reinvestment scenarios
The record-high prices for pulp and energy are propelling Ence to a strong operating performance and an almost debt-free structure in 2022. The company has today hands-free to reinvestment looking forward, notably in light of the potential loss of the Pontevedra concession. Positive developments have occurred on this front recently, with the Spanish’ Supreme Court agreeing to hear two of the group’s appeals in favour of extension, with an outcome expected in Q4 2022. Ence has unv...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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