Ence Energia y Celulosa S.A. Logo

Ence Energia y Celulosa S.A.

ISIN

ES0130625512

Ticker

ENC

Sector

Materials

Sub-Industry

Forest Products

Country

Spain

Year Founded

1957

About Ence Energia y Celulosa S.A.

Company Description

Ence is the leading Spanish producer of renewable energy from agroforestry biomass. We have an installed capacity of 266 MW in our independent power generation plants of Andalusia, Castile-La Mancha and Extremadura.

For Ence, sustainability is a strategic priority. We are moving towards a business model that contributes to the Circular Economy, to promote the minimization and reuse of raw materials, and that bases its activity on the manufacture of renewable and fully recyclable products, as well as the generation of renewable energy. In addition, we promote the greatest respect for the environment by applying the most advanced and responsible management systems.

Headcount

1,133

Served Area

Worldwide

Headquarters

CL/ Beatriz de Bobadilla 14
28040, Madrid
Spain

Financial statements

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Line item in (eur) 01.01.2019 01.01.2020 01.01.2021 02.01.2021 01.01.2022 02.01.2022 01.01.2023
Assets N/A 1,778,116,000.00 1,972,193,000.00 N/A 1,612,970,000.00 N/A 1,780,306,000.00
Noncurrent Assets N/A 1,442,150,000.00 1,312,228,000.00 N/A 1,053,290,000.00 N/A 1,171,591,000.00
Property Plant And Equipment N/A 1,238,304,000.00 1,092,876,000.00 N/A 883,561,000.00 N/A 983,876,000.00
Goodwill N/A 6,066,000.00 1,742,000.00 N/A 1,493,000.00 N/A 0.00
Intangible Assets Other Than Goodwill N/A 55,835,000.00 40,161,000.00 N/A 36,445,000.00 N/A 37,906,000.00
Investment Accounted For Using Equity Method N/A 49,000.00 31,000.00 N/A 26,000.00 N/A 40,000.00
Noncurrent Biological Assets N/A 79,076,000.00 71,270,000.00 N/A 59,722,000.00 N/A 60,531,000.00
Deferred Tax Assets N/A 54,042,000.00 71,952,000.00 N/A 45,563,000.00 N/A 53,091,000.00
Other Noncurrent Financial Assets N/A 7,359,000.00 34,196,000.00 N/A 26,480,000.00 N/A 32,816,000.00
Noncurrent Derivative Financial Assets N/A 1,419,000.00 0.00 N/A 0.00 N/A 3,331,000.00
Current Assets N/A 335,966,000.00 659,965,000.00 N/A 559,680,000.00 N/A 608,715,000.00
Inventories N/A 56,552,000.00 51,831,000.00 N/A 65,693,000.00 N/A 102,346,000.00
Trade And Other Current Receivables N/A 39,053,000.00 57,895,000.00 N/A 78,958,000.00 N/A 49,623,000.00
Trade And Other Current Receivables Due From Related Parties N/A 36,000.00 36,000.00 N/A 36,000.00 N/A 36,000.00
Current Receivables From Taxes Other Than Income Tax N/A 3,190,000.00 310,000.00 N/A 15,895,000.00 N/A 21,010,000.00
Other Current Receivables N/A 1,830,000.00 1,332,000.00 N/A 2,177,000.00 N/A 2,282,000.00
Current Tax Assets Current N/A 8,641,000.00 962,000.00 N/A 1,842,000.00 N/A 8,028,000.00
Other Current Financial Assets N/A 4,450,000.00 18,215,000.00 N/A 15,115,000.00 N/A 9,898,000.00
Cash and cash equivalents N/A 222,214,000.00 532,620,000.00 522,620,000.00 379,964,000.00 379,964,000.00 412,913,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A N/A 0.00 N/A 0.00 N/A N/A
Current Derivative Financial Assets N/A 0.00 6,764,000.00 N/A 0.00 N/A 2,579,000.00
Equity And Liabilities N/A 1,778,116,000.00 1,972,193,000.00 N/A 1,612,970,000.00 N/A 1,780,306,000.00
Equity 697,296,000.00 674,933,000.00 850,129,000.00 N/A 625,518,000.00 N/A 818,138,000.00
Issued Capital N/A 221,645,000.00 221,645,000.00 N/A 221,645,000.00 N/A 221,645,000.00
Retained Earnings N/A N/A N/A N/A 279,163,000.00 N/A 94,007,000.00
Share Premium N/A 170,776,000.00 170,776,000.00 N/A 170,776,000.00 N/A 170,776,000.00
Treasury Shares N/A 11,783,000.00 11,856,000.00 N/A 12,296,000.00 N/A 12,958,000.00
Equity Attributable To Owners Of Parent N/A 656,683,000.00 713,423,000.00 N/A 512,660,000.00 N/A 700,889,000.00
Noncontrolling Interests N/A 18,250,000.00 136,706,000.00 N/A 112,858,000.00 N/A 117,249,000.00
Noncurrent Liabilities N/A 798,077,000.00 714,162,000.00 N/A 634,244,000.00 N/A 445,924,000.00
Noncurrent Provisions N/A 12,810,000.00 2,832,000.00 N/A 51,225,000.00 N/A 27,983,000.00
Noncurrent Payables To Related Parties N/A 0.00 36,835,000.00 N/A 36,835,000.00 N/A 17,843,000.00
Noncurrent Advances N/A 3,376,000.00 1,764,000.00 N/A 2,256,000.00 N/A 3,241,000.00
Noncurrent Government Grants N/A 6,750,000.00 5,558,000.00 N/A 4,879,000.00 N/A 6,408,000.00
Deferred Tax Liabilities N/A 37,575,000.00 21,661,000.00 N/A 0.00 N/A N/A
Other Noncurrent Financial Liabilities N/A 107,203,000.00 103,983,000.00 N/A 65,243,000.00 N/A 77,257,000.00
Other Noncurrent Nonfinancial Liabilities N/A 26,105,000.00 5,955,000.00 N/A 84,619,000.00 N/A 104,342,000.00
Noncurrent Derivative Financial Liabilities N/A 6,414,000.00 5,602,000.00 N/A 2,161,000.00 N/A 0.00
Noncurrent Portion Of Noncurrent Loans Received N/A 357,903,000.00 291,103,000.00 N/A 169,352,000.00 N/A 130,414,000.00
Noncurrent Portion Of Noncurrent Bonds Issued N/A 239,941,000.00 238,869,000.00 N/A 217,674,000.00 N/A 78,436,000.00
Current Liabilities N/A 305,106,000.00 407,902,000.00 N/A 353,208,000.00 N/A 516,244,000.00
Current Provisions N/A 25,708,000.00 29,354,000.00 N/A 18,822,000.00 N/A 42,800,000.00
Trade And Other Current Payables To Trade Suppliers N/A 226,869,000.00 258,951,000.00 N/A 260,369,000.00 N/A 345,942,000.00
Trade And Other Current Payables To Related Parties N/A N/A 0.00 N/A 1,261,000.00 N/A 363,000.00
Current Payables On Social Security And Taxes Other Than Income Tax N/A 7,821,000.00 20,396,000.00 N/A 15,578,000.00 N/A 8,784,000.00
Current Tax Liabilities Current N/A 438,000.00 5,635,000.00 N/A 78,000.00 N/A 13,000.00
Other Current Financial Liabilities N/A 8,042,000.00 6,407,000.00 N/A 10,366,000.00 N/A 12,016,000.00
Other Current Nonfinancial Liabilities N/A N/A N/A N/A 1,528,000.00 N/A 6,892,000.00
Current Derivative Financial Liabilities N/A 9,947,000.00 8,097,000.00 N/A 9,592,000.00 N/A 358,000.00
Current Loans Received And Current Portion Of Noncurrent Loans Received N/A 26,281,000.00 79,062,000.00 N/A 35,614,000.00 N/A 35,776,000.00
Line item in (eur) 01.01.2019/
01.01.2020
01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 735,352,000.00 707,708,000.00 819,675,000.00 1,003,374,000.00
Changes In Inventories Of Finished Goods And Work In Progress -3,024,000.00 4,829,000.00 -9,048,000.00 -3,567,000.00
Other Work Performed By Entity And Capitalised 12,936,000.00 1,974,000.00 4,704,000.00 5,957,000.00
Raw Materials And Consumables Used 307,530,000.00 337,837,000.00 365,901,000.00 400,256,000.00
Employee Benefits Expense 92,254,000.00 92,375,000.00 84,171,000.00 93,191,000.00
Depreciation And Amortisation Expense 82,985,000.00 97,080,000.00 81,897,000.00 91,370,000.00
Profit Loss From Operating Activities 32,517,000.00 -7,294,000.00 -175,886,000.00 278,234,000.00
Gains Losses On Net Monetary Position 1,490,000.00 -1,288,000.00 N/A N/A
Finance Income 961,000.00 649,000.00 6,633,000.00 1,088,000.00
Finance Costs 23,675,000.00 28,922,000.00 28,104,000.00 27,344,000.00
Profit Loss Before Tax 11,103,000.00 -36,657,000.00 -192,539,000.00 253,589,000.00
Income Tax Expense Continuing Operations -395,000.00 -11,925,000.00 9,420,000.00 4,663,000.00
Profit Loss From Continuing Operations 11,498,000.00 -24,732,000.00 -201,959,000.00 248,926,000.00
Profit (loss) 11,498,000.00 -24,732,000.00 -201,959,000.00 248,926,000.00
Profit Loss Attributable To Owners Of Parent 9,209,000.00 -26,432,000.00 -190,409,000.00 247,220,000.00
Profit Loss Attributable To Noncontrolling Interests -2,289,000.00 -1,700,000.00 11,550,000.00 -1,706,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 02.01.2021 01.01.2023 02.01.2022
Profit (loss) 11,498,000.00 -24,732,000.00 -201,959,000.00 N/A 248,926,000.00 N/A
Adjustments For Reconcile Profit Loss 138,830,000.00 72,625,000.00 394,747,000.00 N/A 28,830,000.00 N/A
Adjustments For Decrease Increase In Inventories 16,312,000.00 -3,518,000.00 13,522,000.00 N/A 34,574,000.00 N/A
Adjustments For Depreciation And Amortisation Expense 82,985,000.00 97,080,000.00 81,897,000.00 N/A 91,370,000.00 N/A
Adjustments For Provisions 19,873,000.00 5,174,000.00 1,570,000.00 N/A 25,549,000.00 N/A
Adjustments For Reconcile Profit Loss 138,830,000.00 72,625,000.00 394,747,000.00 N/A 28,830,000.00 N/A
Dividends Received Classified As Operating Activities N/A 0.00 40,000.00 N/A 0.00 N/A
Interest Paid Classified As Operating Activities -15,820,000.00 22,008,000.00 19,201,000.00 N/A 23,294,000.00 N/A
Income Taxes Paid Refund Classified As Operating Activities -9,648,000.00 -5,928,000.00 8,159,000.00 N/A 22,574,000.00 N/A
Other Inflows Outflows Of Cash Classified As Operating Activities 4,883,000.00 -16,080,000.00 -27,361,000.00 N/A -46,294,000.00 N/A
Cash Flows From Used In Operating Activities 185,079,000.00 62,357,000.00 141,293,000.00 N/A 303,679,000.00 N/A
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A N/A 0.00 N/A 400,000.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 6,300,000.00 0.00 N/A N/A N/A N/A
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 838,000.00 749,000.00 409,000.00 N/A 3,000.00 N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities 285,603,000.00 92,216,000.00 68,275,000.00 N/A 51,809,000.00 N/A
Purchase Of Intangible Assets Classified As Investing Activities 6,754,000.00 4,818,000.00 2,709,000.00 N/A 3,058,000.00 N/A
Proceeds From Other Longterm Assets Classified As Investing Activities 4,302,000.00 58,499,000.00 5,549,000.00 N/A 380,000.00 N/A
Purchase Of Other Longterm Assets Classified As Investing Activities 333,000.00 0.00 328,000.00 N/A -180,000.00 N/A
Cash Flows From Used In Investing Activities -293,850,000.00 -37,786,000.00 -65,354,000.00 N/A -53,904,000.00 N/A
Proceeds From Issuing Other Equity Instruments 0.00 219,872,000.00 N/A N/A N/A N/A
Payments To Acquire Or Redeem Entitys Shares 76,443,000.00 48,489,000.00 54,926,000.00 N/A 47,629,000.00 N/A
Proceeds From Borrowings Classified As Financing Activities 10,974,000.00 76,381,000.00 N/A N/A N/A N/A
Payments Of Lease Liabilities Classified As Financing Activities 3,218,000.00 5,804,000.00 5,114,000.00 N/A 5,891,000.00 N/A
Proceeds From Government Grants Classified As Financing Activities 280,000.00 169,000.00 220,000.00 N/A 2,196,000.00 N/A
Dividends Paid Classified As Financing Activities N/A 1,408,000.00 13,365,000.00 N/A 67,568,000.00 N/A
Cash Flows From Used In Financing Activities -17,638,000.00 285,835,000.00 -218,595,000.00 N/A -216,826,000.00 N/A
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes -126,409,000.00 310,406,000.00 -142,656,000.00 N/A 32,949,000.00 N/A
Cash and cash equivalents 222,214,000.00 532,620,000.00 379,964,000.00 522,620,000.00 412,913,000.00 379,964,000.00

Please note that some sums might not add up.

Filings & Publications

  • Consolidated Report 2022 - Q4 Spanish 🇪🇸 Published: 09.05.2023
  • Consolidated Report 2021 - Q4 Spanish 🇪🇸
  • Consolidated Report 2020 - Q4 Spanish 🇪🇸

Capital Markets Information

ISIN

ES0130625512

LEI

95980020140005309084

Industry Group

Materials

Sub-Industry

Forest Products

Listed Stock Exchange

Bolsa de Madrid

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