Oct 30, 2024 / 03:00PM GMT
Operator
Good morning, ladies and gentlemen. Welcome to the Ence Third Quarter 2024 Results Presentation. I will now hand the call over to Mr. Ignacio Colmenares, Executive Chairman; and Alfredo Avello, CFO. Gentlemen, please go ahead.
Ignacio de Colmenares Brunet - Ence Energia y Celulosa SA - Executive Chairman of the Board, Chief Executive Officer
Good afternoon, ladies, and gentlemen. Thank you for joining Ence's third quarter 2024 results conference call. Our CFO, Alfredo Avello; and our Head of IR, Alberto Valdes, are also connected to this call. After the presentation, we will be pleased to answer any questions you may have.
I would like to start with the main highlights of the quarter on slide 6. We (technical difficulty) a strong operating margin of EUR190 per tonne in the quarter. Hardwood pulp prices in Europe declined by over 20% from their peak in July, driven by pulp destocking in China and the start of new capacity additions. European hardwood pulp reached a gross price of $1,160 per tonne in October, equivalent to a net price of around USD650 per
Q3 2024 Ence Energia y Celulosa SA Earnings Call Transcript
Oct 30, 2024
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