ENCE Energía y Celulosa, S.A. Reports Earnings Results for the Full Year 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 full year ended December 31, 2022. For the full year, the company reported sales was EUR 1,009.33 million compared to EUR 824.38 million a year ago. Revenue was EUR 1,016.33 million compared to EUR 773.19 million a year ago.
Net income was EUR 247.22 million compared to net loss of EUR 190.41 million a year ago. Basic earnings per share from continuing operations was EUR 1.02 compared to basic loss per share from continuing operations of EUR 0.78 a year ago. Diluted earnings per share from continuing operations was EUR 0.95 compared to diluted loss per share from continuing operations of EUR 0.78 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. 
