Ence closed the Q1 2025 with a profit of Euro 2.4 million thanks to the development of energy efficiency projects linked to the Energy Saving Certificates (CAE) and the reduction experienced in its production costs. With regard to the evolution of the price of cellulose, it is worth highlighting its recovery from 1,000 dollars gross per ton in December 2024 to 1,218 dollars gross per ton in April, which represents an increase of more than 20%.
One of the highlights of the Q1 of the year was the increase in ebitda in both the Pulp and Energy businesses. Specifically, the development of energy efficiency projects linked to the CAEs boosted Pulp’s ebitda to Euro 28 million , four times more than in the previous quarter. The gross operating profit of Renovables improved by 6% to Euro 6 million.
Total pulp sales reached 216,000 tons in the quarter, 8% less than in the previous quarter, due to the annual maintenance shutdown of the Navia biofactory in March.
As regards other data reflecting the company’s performance in the period, the reduction of Euro 11 /tonne (cash cost) with respect to the previous quarter, to Euro 510 /tonne, stands out.
The group’s net financial debt at the end of March amounted to 331 million (including 61 million IFRS 16 liabilities), of which 247 million corresponded to the Pulp business and 84 million to the Renewables business.
The company continues to drive the development of its biofertilizer and biomethane platform in Spain, with the capacity to generate 1,000 GWh per year from 2030, and its renewable industrial heat platform, which will have an annual production of 2,000 GWht by 2030.
Ence is the leading European company in eucalyptus pulp production and the second in terms of market share.
