Spread Research - ENCE ENERGIA Y CELULOSA (ENCSM) ENCE ENERGIA Y CELULOSA - 2Q16 Results

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Spread Research

ENCE ENERGIA Y CELULOSA - 2Q16 Results

â€‹Ence, the #1 eucalyptus pulp maker in Europe, reported weak 2Q16 results. Sales came in at â‚¬139m, down 11% and EBITDA fell to â‚¬26m (vs. â‚¬46m last year). This poor performance was essentially due to the decline in pulp prices (-8% yoy), following further capacity openings in China.

22/09/2016 2 EN

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ENCE ENERGIA Y CELULOSA

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Spread Research

Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

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ENCE ENERGIA Y CELULOSA - 2Q16 Results

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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