Q3 2022 Ence Energia y Celulosa SA Earnings Call Transcript
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.
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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
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