Sonae Indústria’s consolidated turnover reached Euro 259 million for the 1Q 2016, an improvement of 3.7% vs. last quarter and 0.4% when compared to same period of 2015. These results were possible, in both cases, as a result of improved performance in total sales volumes, as the consolidated average selling prices were below the levels of both 1Q 2015 and 4Q 2015, as the company said in the press release received by Lesprom Network.
When compared to 1Q 2015, sales volumes increased by 2.4%, mainly driven by higher sales of raw MDF and OSB products, whilst the average selling prices declined by 3.2%, with negative contributions from all the product categories.
1Q 2016 recurrent EBITDA of Euro 32 million, up by 29% compared to 1Q 2015, with continued improvement in Europe and North America’s profitability levels.
Sonae Indústriais one of the largest wood-based panel producers in the world.
