ENCE Energia y Celulosa SA (XMAD:ENC)
€ 2.704 -0.058 (-2.1%) Market Cap: 655.81 Mil Enterprise Value: 886.21 Mil PE Ratio: 15.11 PB Ratio: 1.21 GF Score: 74/100

Q3 2022 Ence Energia y Celulosa SA Earnings Call Transcript

Oct 28, 2022 / 07:30AM GMT
Release Date Price: €3.43 (+0.23%)
Operator

Good morning, ladies and gentlemen. Welcome to the ENCE Third Quarter 2022 Results Presentation.

I now hand over to Mr. Ignacio Colmenares, Executive Chairman; and Alfredo Avello, our CFO. Gentlemen, please go ahead.

Ignacio de Colmenares y Brunet;a y Celulosa
ENCE EnergÃ;S.A. - Chairman, CEO & MD

­ -

Good morning, ladies and gentlemen. Thank you for joining ENCE's Third Quarter 2022 Results Conference Call. Our CFO, Alfredo Avello; and our Head of IR, Alberto Valdes, are also connected. After the presentation, we will be pleased to answer any questions you may have.

Let's start with Slide 4 with the main highlights of these first 9 months results. The strong free cash flow generation and deleveraging achieved driven by healthy pulp and energy prices. The consolidated free cash flow in the first 9 months reached EUR 245 million. This allowed us to reduce net debt by EUR 174 million. We ended the period with a net cash position of EUR 72 million. Note that working capital improvement during the first 9 months was

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot