ence

Relevant News Item 3rd October 2023

Ence takes over SNIACE’s forestry assets and seed orchards

GroupLink Securities| Spanish pulp and energy company Ence (ENC) announced on Friday that it has been awarded the forestry assets of SNIACE (SNC) in the auction held as part of the company’s insolvency proceedings, Bolsamania.com reported. Ence said that with this transaction, it continues in sustainable forest management, a strategic business line for the group and fully aligned with its commitment to the bioeconomy. Also, this award will allow the…

Spanish economy 18th June 2023

Ence says it has signed a contract with a major brewery for conversion of thermal processes based on gas, fuel oil or coke

Link Securities| The company’s president, Ignacio Colmenares, has claimed that the company has signed a contract with a major brewery based on the transformation of thermal processes based on gas, fuel oil or coke by a pure electric solution or a mixed solution with biomass depending on the temperature and pressure at which companies need steam. The ENC executive also pointed out that before the end of this month the…

Ence: Buy cellulose during Chinese New Year

Ibex 4th November 2019

Ence 3Q19 EBITDA falls -57% vs 3Q18

Banc Sabadell | Ence has published bad results for 3Q19, although more or less in line with expectations at the level of Ebitda. Thus sales fell -8.4% vs 3Q18, somewhat better than expected (-11.1% BS expectation and -12.6% consensus) above all because of a greater volume of sales.

Ibex 9th May 2019

Ence blames fall in income from cellulose and earns 41.6% less in first quarter

Link Securities | Ence (ENC) presented its first quarter results (Q12019). The firm achieved business of 195.6 M€ in Q12019, which is in line with the previous year (-0.3%), principally sustained by the increase of income from energy (+17.7%), which compensated the fall in income from cellulose (-4.0%).

Ibex 2nd January 2019

Ence: Buy Cellulose During Chinese New Year

The fourth quarter of 2018 has been penalised by lower cellulose process. Analysts at Santander foresee a recovery in the first quarter of 2019. As the new Ibex35 member Ence is listed at an EV/Ebitda rating for 2019 of around 4.5X (compared to 6.5X in the middle of the cycle) remains a solid investment.

Markets, Spanish Small & Mid Caps 24th December 2018

Ence: A New Member In The Ibex 35 To Replace DIA

The collapse of DIA in the last three months has put an end to its adventure in the Spanish stock market, where it began to be listed in 2011. From Monday, Ence Energia and Celulosa is replacing the supermarket chain in the Ibex 35.

Companies 11th July 2013

Spanish Ence enters €3.8 billion boost to European bioeconomy

MADRID | “This public-private partnership (PPP) between the European Commission and the BIC consortium will boost growth and employment in Europe,” Ence said.