Posted 十月 10, 2016
Sonae Indústria's consolidated turnover reached circa Euro 121 million for the semester, an increase of 3.2% (or Euro 3.7 million), when compared to the same period of last year, on a comparable basis, as the company said in the press release received by Lesprom Network.
This performance was mainly driven by better results of its Canadian plant y.o.y., with a better product mix (higher share of melamine products) and increases in average selling prices. In addition, results also benefited from the positive performance of our Laminates plant in Portugal in terms of sales volumes, which grow by circa 62% y.o.y.
Proportional turnover of Euro 332 million in 1H 2016 which compares with Euro 327 million in 1H 2015.
Recurrent EBITDA for 1H 2016 reached Euro 19 million, an improvement of 29%, when compared to same period of last year, with an implicit Recurrent EBITDA margin of 15.6% (+3.1 p.p. vs. 1H 2015), on a comparable basis.
This implies a LTM recurrent EBITDA of Euro 34 million. LTM Proportional Recurrent EBITDA (i.e., including 50% of Sonae Arauco Recurrent EBITDA) was Euro 83 million.
Consolidated EBITDA for 1H 2016 reached Euro 19 million, Euro 5 million higher than 1H 2015, on a comparable basis. Contrary to previous periods, the group’s consolidated performance was positively impacted by nonrecurrent items related with inactive sites in the amount of Euro 0.3 million for the semester resulting from the sale of Coleraine land (UK) in April 2016, which generated a gain of circa Euro 0.8 million, which more than offset the on-going costs of inactive sites.
Proportional recurrent EBITDA was Euro 49 million during 1H 2016, which represents an improvement of 42%, when compared to the same period of last year, on a comparable basis.
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.