Cole Hawthorne
Analyst, Jefferies
Replay available
ENCE Energía y Celulosa, S.A. (EEYCF) Q1 2025 Earnings Call
ENCE Energía y Celulosa, S.A. (OTC: EEYCF) Q1 2025 earnings conference call, held 2025-04-30. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Ignacio Colmenares
Executive Chairman
Alfredo Alvello
Chief Financial Officer
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Ence Energia Y Celulosa Sa.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.518 Good morning, ladies and gentlemen. Welcome to the NSAQ-1 2025 results 00:00:05.518 -- 00:00:10.966 presentation. I will now hand over to Mr. Ignacio Colmenares, Executive Chairman, 00:00:10.966 -- 00:00:16.430 and Alfredo Alvello, CFO. Gentlemen, please go ahead. 00:00:19.858 -- 00:00:25.065 Good morning, ladies and gentlemen. Thank you for joining NSAQ-1 2025 results conference 00:00:25.065 -- 00:00:30.137 hall. Sorry for the small delay, but as you can see, we have a 00:00:30.137 -- 00:00:34.602 light problem on the presentation. You are going to see some paragraphs in red. 00:00:34.602 -- 00:00:39.545 We don't know why. We've been trying to correct that, but we haven't been able. 00:00:40.109 -- 00:00:45.595 Our CFO, Alfredo Avello, and our head of IR and M&A, Ines Alvarez, 00:00:45.595 -- 00:00:50.461 are also connected to this call. After the presentation, we will be pleased to answer 00:00:50.461 -- 00:00:53.702 any questions you may have. 00:00:54.105 -- 00:00:59.169 The date... Pulp supply demand balance drove prices higher 00:00:59.169 -- 00:01:03.435 in the first quarter, as you can see on slide six. 00:01:03.435 -- 00:01:08.944 Pulp prices bottomed out in December. Since then, the European 00:01:08.944 -- 00:01:13.969 hardwood pulp price has rebounded by 21% to $1,218 00:01:14.153 -- 00:01:16.153 for 00:01:16.917 -- 00:01:21.301 orders placed in March and delivered in April. 00:01:21.301 -- 00:01:26.427 Demand for market pulp continued to grow in the first quarter driven by China, with 00:01:26.427 -- 00:01:31.013 a 5% year-on-year increase to February. 00:01:31.013 -- 00:01:36.440 The record price differential with softwood pulp is boosting demand for 00:01:36.440 -- 00:01:38.683 hardwood pulp. 00:01:38.683 -- 00:01:44...