ENCE Energía y Celulosa, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
February 28, 2023 at 09:09 am EST
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ENCE Energía y Celulosa, S.A. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was EUR 217.6 million compared to EUR 231.9 million a year ago. Revenue was EUR 216.3 million compared to EUR 231.1 million a year ago.
Net income was EUR 180.2 million compared to EUR 2 million a year ago. Basic earnings per share from continuing operations was EUR 0.74 compared to EUR 0.01 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. 
