Sonae Indústria’s 1H 2015 consolidated turnover (continued operations) was Euro 528 million, in line with 1H 2014. On a quarterly basis, Sonae Indústria turnover improved by 2% when compared to same period last year, and by 5% against the previous quarter.

Sonae Indústria reported 1H 2015 consolidated turnover increased by 2% to Euro 528 million

16:35 / 八月 17, 2015

Aug 18, 2015. /Lesprom Network/. Sonae Indústria’s 1H 2015 consolidated turnover (continued operations) was Euro 528 million, in line with 1H 2014. On a quarterly basis, Sonae Indústria turnover improved by 2% when compared to same period last year, and by 5% against the previous quarter. The improved quarterly performance was driven by a combination of improved sales volumes (+3.5% vs 1Q 2015) and higher average selling prices (+1.3% vs 1Q 2015), which were also positively impacted by exchange rate effects from both Canadian and South African currencies, as the company said in the press release received by Lesprom Network.

Sonae Indústria last twelve months Recurrent EBITDA continued to improve, reaching Euro 103 million at the end of June 2015, with a recurrent EBITDA of Euro 29 million in the 2Q15, Euro 4 million above the value registered in 1Q15 (+18%).

Recurrent EBITDA margin in the 2Q 2015 was 10.8%, up by 1.2 p.p. when compared to 1Q 2015 and up by 0.5 p.p. when compared to same period of last year.

1H 2015 Recurrent EBITDA was Euro 54 million, up by Euro 7.4 million when compared to same period in 2014, with an implicit recurrent EBITDA margin of 10.2% (+1.4 p.p. vs 1H 2014).

“During this last quarter, we progressed significantly in the execution of our Strategic Plan. We have completed the sale of Betanzos, our hardboard business in Spain, and prepared the ground for the completion of the sale of Darbo (subsidiary that ownsthe Linxe plant, in France), that led to the transaction being concluded at the beginning of July. With these two transactions, we have now completed the planned restructuring of our industrial footprint. The group’s energy and resources will now be channelled towards continuous improvement initiatives, to support a more market and customer centric strategy aimed, ultimately, at improving our company’s profitability,” said Rui Correia, CEO of Sonae Indústria.

Sonae Indústria is one of the largest wood-based panel producers in the world.

Lesprom Network

Sonae Indústria reported 1H 2015 consolidated turnover increased by 2% to Euro 528 million

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