Ence estimates its profit at more than 3 million euros in the last quarter of 2023

Ence Energy and Pulp announced yesterday that it recorded net income of more than three million in the fourth quarter of 2023, resuming its “profit path as cost savings have been achieved and pulp prices have begun to recover.” “.

The company, with a plant in Lourisan, reported that “the first three quarters of the year were marked by low pulp prices”, which bottomed out in August, so that “the result for the year was -25 million.” Enns points out that “prices have recovered by more than 40%. Likewise, major manufacturers have announced additional increases.”

From an operational perspective, the 15% increase in pulp production in the fourth quarter compared to the previous quarter stood out, reaching more than 266,000 tons. Enze emphasizes that fiscal year 2023 was characterized by significant cost reductions.

The mill believes part of the success of this performance is due to the fact that specialty pulp, which is more environmentally friendly and adapted to replace long-fiber fibers and plastics, continues to gain market share, reaching 28% of total pulp sales in the fourth quarter, and 22% for the year as a whole. .

The business group’s consolidated operating result (EBITDA) reached 25 million in the fourth quarter and 89 million on a cumulative basis for 2023.

Diversification

In the pulp segment, Ence continues to advance the sale of its specialty pulp and has launched a project to diversify into fluff pulp for absorbent hygiene products, scheduled to launch in 2026. In addition, the company continues to develop in the field of mechanical engineering. and the recycling of the Pontes project, a bio-mill for the production of recycled and bleached fibers based on recovered paper and cardboard, without increasing wood consumption and using the industrial land on which the As Pontes thermal power plant is located.

In the renewable energy sector, the group that controls Ence continues to make progress in diversifying its activities towards the sale of renewable thermal energy and biomethane.