{"id":25865,"date":"2026-04-29T18:54:04","date_gmt":"2026-04-29T16:54:04","guid":{"rendered":"https:\/\/ence.es\/?p=25865"},"modified":"2026-04-29T18:58:12","modified_gmt":"2026-04-29T16:58:12","slug":"despite-the-impact-of-strikes-and-severe-storms-ence-halves-its-losses-in-the-first-quarter-of-2026-and-positions-itself-to-capitalise-on-cost-reductions-and-rising-pulp-prices","status":"publish","type":"post","link":"https:\/\/ence.es\/en\/despite-the-impact-of-strikes-and-severe-storms-ence-halves-its-losses-in-the-first-quarter-of-2026-and-positions-itself-to-capitalise-on-cost-reductions-and-rising-pulp-prices\/","title":{"rendered":"Despite the impact of strikes and severe storms, Ence halves its losses in the first quarter of 2026 and positions itself to capitalise on cost reductions and rising pulp prices"},"content":{"rendered":"

Ence has closed the first quarter of 2026 by reducing its losses\u00a0by nearly half compared to the fourth quarter of 2025. Specifically, in the first three months of 2026, the company reported losses of \u20ac17.6 million, due to extraordinary factors such as strikes at the Navia biofactory\u2014linked to the Pulp Efficiency and Competitiveness Plan\u2014and the severe storms experienced in Spain at the beginning of the year, which affected the Renewables business.<\/p>\n

By the end of the first quarter, the group\u2019s operations had returned to normal, and the company continues to pursue its cost reduction targets announced for the Pulp business for 2026 and 2027.<\/p>\n

With regard to consolidated EBITDA in the first quarter, it stood at just over \u20ac1 million, impacted by these extraordinary effects, compared with \u20ac13 million in the fourth quarter of 2025.<\/p>\n

Increase in pulp prices<\/strong>
\nThe company is now well positioned to capitalise on rising pulp prices. After closing 2025 with a historically low average price of $1,086\/t (gross and before discounts), it is worth noting that a new increase has recently been announced to $1,430\/t (gross and before discounts), to be implemented in May.<\/p>\n

In addition, in Europe, potential difficulties in importing paper and pulp from Asia, the Middle East and Latin America, due to disruptions in logistics routes, are creating greater opportunities for price increases for European producers such as Ence.<\/p>\n

Middle East conflict: opportunities<\/strong>
\nWith regard to the Middle East conflict, it should be noted that the new context opens up opportunities for the company. In the Pulp business, it strengthens its position as a regional operator capable of offering local supply. In Renewables, it consolidates its role as a driver of energy autonomy through a diversified portfolio of renewable energy based on biomass\u2014renewable industrial heat and biomethane\u2014which is positioned as a strategic local alternative to imported gas.<\/p>\n

In this context, the company\u2019s renewable energy platform is showing significant progress. The renewable industrial heat business will close 2026 with five operational projects, compared with one in 2025. In biomethane, Ence continues to develop a portfolio of 41 projects, of which 25 are in an advanced stage of engineering and administrative processing.<\/p>\n

Moreover, the impact of the Middle East conflict on Ence\u2019s operations should be limited, as it benefits from mitigating strategic factors in both businesses, including the energy self-sufficiency of its pulp plants, the use of local supplies, and its commercial exposure to the European market.<\/p>\n

Specialty pulp<\/strong>
\nThe company continues to make progress in its transformation into a manufacturer of specialty pulp, substituting higher-cost long fibre. This type of product accounted for 34% of Pulp sales in the first quarter, compared with 30% in 2025. During the quarter, the first sales of fluff pulp were made; this product is still undergoing certification and will help strengthen Ence\u2019s positioning in higher-margin segments.<\/p>\n

The target is for specialty pulp to exceed 62% of Pulp sales by 2028.<\/p>\n

Focus on cost reduction<\/strong>
\nThe company remains focused on improving operational efficiency. Cash cost, excluding extraordinary impacts, stood at \u20ac479\/t in the first quarter, compared with \u20ac510\/t in the first quarter of 2025. The impact of extraordinary factors amounts to approximately \u20ac7 million (equivalent to \u20ac43\/t at cash cost level). The sale of new CAEs for \u20ac7 million has partially offset these extraordinary costs.<\/p>\n

In the Pulp business, the company continues to implement the Efficiency and Competitiveness Plan and the Navia cost reduction and decarbonisation plan, with the aim of reducing cash cost by \u20ac30\/t over the 2026\u20132027 period (approximately \u20ac15\/t per year). In the first quarter, measures with an annual impact of \u20ac6 million have already been consolidated.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Ence has closed the first quarter of 2026 by reducing its losses\u00a0by nearly half compared to the fourth quarter of 2025. Specifically, in the first three months of 2026, the company reported losses of \u20ac17.6 million, due to extraordinary factors such as strikes at the Navia biofactory\u2014linked to the Pulp Efficiency and Competitiveness Plan\u2014and the […]<\/p>\n","protected":false},"author":3,"featured_media":25099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"acf":[],"yoast_head":"\nDespite the impact of strikes and severe storms, Ence halves its losses in the first quarter of 2026 and positions itself to capitalise on cost reductions and rising pulp prices | Ence<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ence.es\/en\/despite-the-impact-of-strikes-and-severe-storms-ence-halves-its-losses-in-the-first-quarter-of-2026-and-positions-itself-to-capitalise-on-cost-reductions-and-rising-pulp-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite the impact of strikes and severe storms, Ence halves its losses in the first quarter of 2026 and positions itself to capitalise on cost reductions and rising pulp prices | Ence\" \/>\n<meta property=\"og:description\" content=\"Ence has closed the first quarter of 2026 by reducing its losses\u00a0by nearly half compared to the fourth quarter of 2025. 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