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Ence Q2 2022 Earnings Call - Transcript

Ence Half Year 2022 Results Presentation

Ence's pulp business continues progress in its 'Navia Excelencia' project to promote sale of its differentiated products, such as Naturcell and Powercell pulps, diversify production toward fluff pulp for absorbent hygiene products, advance decarbonization

Ence posts Q2 net income of €32M, compared with year-ago net loss of -€185.5M, as net revenue jumps 35% year-on-year to €221.5M; pulp sales revenue up 57.5% to €208.2M on surging pulp prices, though H1 volumes down due to national transport strike

Ence creates technical team to collaborate with landowners on applying practices, methods to progress towards greater sustainability and productivity of eucalyptus plantations; Ence is Spain's leading private forest manager with more than 65,000 hectares

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