Strong quarter driven by all-time high pulp prices
Ence posted a solid set of results and continues to reflect the company''s high sensitivity to BHKP prices that remain at all-time high levels (USD1,380/t). On the Energy front, the company has also benefited from higher pool prices (EUR180/MWh in the quarter) and better output from its biomass assets. FCF generation has been extremely positive, driving leverage to positive net cash of EUR10.2m in Q2 22 (vs Net Debt of 46.5m in 1Q 22).
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28 Jul 2022
Strong Q2, positive momentum continues despite some woes ahead

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Strong Q2, positive momentum continues despite some woes ahead
- Published:
28 Jul 2022 -
Author:
Ruiz Francisco FR | De Cueto Moreno Gonzalo GD -
Pages:
8 -
Strong quarter driven by all-time high pulp prices
Ence posted a solid set of results and continues to reflect the company''s high sensitivity to BHKP prices that remain at all-time high levels (USD1,380/t). On the Energy front, the company has also benefited from higher pool prices (EUR180/MWh in the quarter) and better output from its biomass assets. FCF generation has been extremely positive, driving leverage to positive net cash of EUR10.2m in Q2 22 (vs Net Debt of 46.5m in 1Q 22).
Pulp like ....