BHKP average sale prices mitigated Pontevedra pulp production suspension 3Q22 figures were above BNPP Exane (+4% Sales and +15% EBITDA) on higher volumes of pulp sold during the quarter than our expectations. Although results were solid on an absolute basis, Ence could not fully capitalise on all-time high BHKP prices and the strong USD as the Pontevedra pulp mill has been suspended since the end of July due to limited levels of water flows in the river adjacent to the mill. FCF generation was ....