ENCE: 1Q’24 RESULTS (ANÁLISIS BANCO SABADELL)
1Q'24 vs. 1Q'23 ResultsSales: € 213.6 M (-17.9% vs. -20.7% BS(e));
EBITDA: € 44.9 M (-15.4% vs. -29.9% BS(e));
EBIT: € 18.8 M (-34.7%);
Net Profit: € 7.9 M (-37.3% vs. -79.4% BS(e));
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.
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