Particle.news
Download on the App Store
3 ARTICLES
·
5d ago

Ence Reports Q1 Profit Despite Revenue Decline, Boosted by Cost Reductions and Market Recovery

The company's Q1 2025 results highlight a 22% drop in net profit year-on-year, offset by improved EBITDA margins and a rebound in international pulp prices.

Biofábrica de Ence en Navia.
Pastera de Ence en Lourizán. | Chou Pesqueira
Image

Overview

  • Ence posted a net profit of €2.4 million in Q1 2025, down 21.9% from the same period last year, with revenue falling 8.3% to €186.9 million.
  • Pulp business EBITDA surged to €28 million, quadrupling from Q4 2024, while renewables EBITDA rose 6% to €6 million.
  • International pulp prices recovered over 20% since December 2024, reaching $1,218 per tonne in April, contributing to improved profitability.
  • Production costs per tonne dropped by €11 to €510, driven by energy-efficiency projects tied to Certificates of Energy Savings (CAE).
  • Sales of high-margin special pulps increased to 35% of total pulp sales, with the company targeting 60% by 2028 through portfolio optimization.