ENCE Energía y Celulosa, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 10:13 am EDT
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ENCE Energía y Celulosa, S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was EUR 234.1 million compared to EUR 167 million a year ago. Net income was EUR 13.1 million compared to net loss of EUR 9.6 million a year ago. Basic earnings per share from continuing operations was EUR 0.05 compared to basic loss per share from continuing operations of EUR 0.04 a year ago.
Ence Energia y Celulosa SA, formerly Grupo Empresarial ENCE SA, is a Spain-based company engaged in the operation of pulp mills. The Company' activities are divided into two business units: Pulp and Energy. The Pulp business unit is subdivided into three segments: Pulp, manufacturing pulp and pulp derivatives, such as lignin and biomass, as well as co-generating energy; Forest Management, providing forest crops and wood raw materials, and Forest Services & Other, including residual business activities, as well as forest support services. The Energy business unit focuses on generating energy using forestry and agricultural biomass, as well as, thermos and solar electric energy generation. The Company operates pulp mills and power generation plants in Spain.
ENCE ENERGÍA Y CELULOSA, S.A. 
