Sonae Indústria's turnover up 1% to Euro 121.8 million in 1H 2017

Market: Panels
22 September, 18:16
Sonae Indústria reports unaudited сonsolidated кesults for the 1H 2017. Consolidated turnover for the first half of the year reached Euro 121.8 million, an improvement of 1% vs. 1H 2016 (Euro 1.2 million) benefiting from the appreciation of the Canadian dollar vs. the Euro.

Sonae Indústria consolidated EBITDA for the first semester of the year reached Euro 20.6 million, circa Euro 1.5 million higher than the 1H 2016, on a comparable basis, mostly explained by lower fixed costs that this year reflect one-off adjustments to personnel cost accruals.

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.



Topics: Finance

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