Ence: Buy cellulose during Chinese New Year

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.