Brief: ENCE FY Net Result Turns To Loss Of 24.7 Mln Euros YoY

ENCE Energia y Celulosa SA

29/02/2024 10:36

Feb 29 (Reuters) - Ence Energia y Celulosa SA  ENC.MC :
    * FY EBITDA 88.8 MILLION EUROS VERSUS 247.6 MILLION EUROS
YEAR AGO
    * FY REVENUE 829.6 MILLION EUROS VERSUS 1.00 BILLION EUROS
YEAR
AGO
    * FY NET LOSS 24.7 MILLION EUROS VERSUS PROFIT 247.2 MILLION
EUROS
YEAR AGO
    * CONTINUES TO MAKE PROGRESS ON ENGINEERING AND PERMITTING
WORK
FOR PROJECT UNDER DEVELOPMENT IN CORUÑA TOWN OF AS PONTES
    * PROJECT FOR PRODUCTION OF 100,000 TONNES OF RECYCLED AND
BLEACHED FIBRE FROM RECOVERED PAPER AND BOARD, WITHOUT
INCREASING ITS WOOD CONSUMPTION
    * PLAN IS TO TAKE INVESTMENT DECISION AROUND PROJECT IN 2025
WITH
EXPECTED RETURN ON CAPITAL EMPLOYED (ROCE) OF AT LEAST 12%

Source text for Eikon:  ID:nCNM68BpMl 
Further company coverage:  ENC.MC 

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