ENCE Energía y Celulosa, S.A. Reports Earnings Results for the Full Year Ended December 31, 2021
February 28, 2022 at 04:06 pm EST
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ENCE Energía y Celulosa, S.A. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was EUR 736.21 million compared to EUR 700.34 million a year ago. Net loss was EUR 190.41 million compared to EUR 26.43 million a year ago. Basic loss per share from continuing operations was EUR 0.78 compared to EUR 0.11 a year ago. Diluted loss per share from continuing operations was EUR 0.78 compared to EUR 0.11 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. 
