Corrected: BRIEF-Ence H1 Net Result Turns To Loss Of 4.2 Mln Euros YoY

ENCE Energia y Celulosa SA

27/07/2023 12:22

(Adds missing currency in headline)
       July 27 (Reuters) - Ence Energia y Celulosa SA  ENC.MC :
    * H1 NET LOSS 4.2 MILLION EUROS VERSUS PROFIT 44.7 MILLION
EUROS
YEAR AGO
    * H1 EBITDA 65.4 MILLION EUROS VERSUS 148.4 MILLION EUROS
YEAR AGO
    * H1 REVENUE 458.8 MILLION EUROS VERSUS 553.7 MILLION EUROS
YEAR
AGO
    * ATTRIBUTABLE NET INCOME FOR H1 WAS AFFECTED BY ACCOUNTING
IMPACT
- IN AMOUNT OF 34MLN EUROS - OF UPDATE OF REGULATORY ENERGY
PRICE, WHICH WILL BE OFFSET BY HIGHER ATTRIBUTABLE NET INCOME
THROUGHOUT REST OF PLANTS' REGULATORY USEFUL LIVES
    * 2023 OUTLOOK €27M 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
    * €26M ESTIMATED POSITIVE CASH IMPACT IN 2023 FROM THE
REGULATED
ENERGY PRICE UPDATE

Source text for Eikon:  ID:nCNM91frds 
Further company coverage:  ENC.MC 

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