Sonae Indústria's consolidated turnover for FY 2016 reached circa Euro 241 million, up by 5.7% vs. 2015 (or by Euro 12.9 million), on a comparable basis. This performance is explained by the better results of the North American business and of the Laminates plant in Portugal, the latter growing turnover by 44%, when compared to 2015, as the company said in the press release received by Lesprom Network.
2016 Recurrent EBITDA of Euro 38.4 million, an improvement of Euro 8.5 million vs. 2015, with an underlying Recurrent EBITDA margin of 15.9%, an improvement of 2.8 p.p. when compared to last year.
Consolidated EBITDA for 2016 reached Euro 38.3 million, circa Euro 10 million higher vs. last year, on a comparable basis. The group’s consolidated performance was marginally impacted by non-recurrent items in the amount of Euro -0.1 million.
Sonae Indústria is one of the largest wood-based panel producers in the world. It operates 21 production plants located in 6 countries on 3 continents.
