Brief: Ence Sees 27 Mln Euros Of Positive Contribution To EBITDA From Pending PV Projects Sale In 2H23-2024

ENCE Energia y Celulosa SA

27/07/2023 12:07

July 27 (Reuters) - Ence Energia y Celulosa SA  ENC.MC :
    * EXPECTS PULP DEMAND GROWTH TO EXCEED SUPPLY GROWTH OVER
COMING
YEARS, PROVIDING STRONG SUPPORT FOR IMPROVING PULP PRICE OUTLOOK
    * 26 MLN EUROS ESTIMATED POSITIVE CASH IMPACT IN 2023 FROM
REGULATED ENERGY PRICE UPDATE
    * 2023 OUTLOOK: PULP PRODUCTION IS EXPECTED TO NORMALIZE AT
CLOSE
TO 1 MILLION TONS
    * 2023 OUTLOOK: 27 MLN EUROS EXPECTED POSITIVE CONTRIBUTION
TO
EBITDA FROM PENDING PV PROJECTS SALE IN 2H23-2024
    * CASH COST IMPROVEMENT TO CONTINUE IN COMING QUARTERS, CASH
COST
EXPECTED TO IMPROVE BELOW €500/T OVER 2H23

Source text for Eikon:  ID:nCNM8HwPdb 
Further company coverage:  ENC.MC 

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