{"id":9709,"date":"2019-10-29T17:10:10","date_gmt":"2019-10-29T17:10:10","guid":{"rendered":"https:\/\/ence.es\/?p=9709"},"modified":"2019-10-29T17:28:04","modified_gmt":"2019-10-29T17:28:04","slug":"ence-obtains-a-net-profit-of-27-8-million-euros-until-september-69-6-less","status":"publish","type":"post","link":"https:\/\/ence.es\/en\/ence-obtains-a-net-profit-of-27-8-million-euros-until-september-69-6-less\/","title":{"rendered":"Ence obtains a net profit of 27.8 million euros until September, 69.6% less"},"content":{"rendered":"<p>Ence Energ\u00eda y Celulosa achieved a net profit of 27.8 million euros in the first nine months (-69.6%) and a EBITDA of 126.5 million euros (-40%). The EBITDA of the Pulp business was 85 million euros (-53%), while the Renewable Energy one was 41.6 million euros (+ 28%). The results have been affected by the situation of the cellulose market, with a net price of cellulose almost 200 $ \/ t below its average in the last 10 years.<\/p>\n<p>In cellulose we must highlight the operational improvement taken place in the third quarter, with a reduction of \u20ac 22 \/ ton of the production cost compared to the previous quarter. The company is focused on the cost reduction program that was launched in July. In Energy, the start-up of two new biomass plants and the repowering of some plants will mean an estimated business EBITDA improvement of nearly \u20ac 30 million \/ year. In addition Ence has a portfolio of projects of more than 2,100 MW in biomass, photovoltaic and solar thermal hybridization.<\/p>\n<p><a href=\"https:\/\/youtu.be\/tfJuC0LCfoA\" target=\"_blank\" rel=\"noopener\"><strong>Access to the video presentation of the 2Q19 results here<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ence Energ\u00eda y Celulosa achieved a net profit of 27.8 million euros in the first nine months (-69.6%) and a EBITDA of 126.5 million euros (-40%). The EBITDA of the Pulp business was 85 million euros (-53%), while the Renewable Energy one was 41.6 million euros (+ 28%). The results have been affected by the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-9709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ence obtains a net profit of 27.8 million euros until September, 69.6% less | 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\/ence-obtains-a-net-profit-of-27-8-million-euros-until-september-69-6-less\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ence obtains a net profit of 27.8 million euros until September, 69.6% less | Ence\" \/>\n<meta property=\"og:description\" content=\"Ence Energ\u00eda y Celulosa achieved a net profit of 27.8 million euros in the first nine months (-69.6%) and a EBITDA of 126.5 million euros (-40%). The EBITDA of the Pulp business was 85 million euros (-53%), while the Renewable Energy one was 41.6 million euros (+ 28%). 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