Brief: Ence 9-Month Net Result Turns To Loss Of 28.2 Mln Euros YoY

ENCE Energia y Celulosa SA

31/10/2023 13:04

Oct 31 (Reuters) - Ence Energia y Celulosa SA  ENC.MC :
    * 9-MONTH REVENUE 629.6  MILLION EUROS VERSUS 787.1 MILLION
EUROS
YEAR AGO
    * 9-MONTH EBITDA 63.7 MILLION EUROS VERSUS 207.5 MILLION
EUROS
YEAR AGO
    * 9-MONTH NET LOSS 28.2 MILLION EUROS VERSUS PROFIT 67.0
MILLION
EUROS YEAR AGO
    * EARNINGS-WISE, Q/Q REDUCTION OF OVER €51/TONNE AND Y/Y
REDUCTION
OF OVER €152 IN CASH COST IN 3Q23 TO €484/TONNE, MITIGATING
IMPACT OF DECREASE IN AVERAGE SALES PRICE BETWEEN THOSE PERIODS
    * DOWNTREND IN THE CASH COST IS EXPECTED TO CONTINUE OVER
THE
COMING QUARTERS
    * SALES OF DIFFERENTIATED PRODUCTS WILL CONTINUE TO GROW IN
4Q23
    * EXPECTED CASH COST BELOW 470 EUROS/T IN Q4 23
    * LOWER RENEWABLE ENERGY OUTPUT EXPECTED IN 4Q23 DUE TO
EXTRAORDINARY MAINTENANCE WORKS AT HUELVA 46 MW AND CIUDAD REAL
50 MW POWER PLANTS

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