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RSS FeedsEnce achieved a net profit of 13.7 million euros in the first quarter, 73% more
(WorldNews Spain)

 
 

26 april 2017 20:40:04

 
Ence achieved a net profit of 13.7 million euros in the first quarter, 73% more
(WorldNews Spain)
 


The company significantly improves its results despite the 9% decrease in the average price of pulp. The results of the first quarter of the year confirm the implementation of the Ence Strategic Plan and the effectiveness of the measures implemented. Production costs stood at EUR343/t, 8.5% less than in the first quarter of 2016, and close to the EUR339/t target set for 2017. Free cash flow reached 14.4 million euros until March and net financial debt fell 5%. Leverage remains at 1.6 times EBITDA, the...


 
3 viewsCategory: General > Europe > Spain
 
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