May 02, 2012. /Lesprom Network/. Sequana publishes its unaudited results for the 1Q 2012. Consolidated sales for the 1Q 2012 came in at Euro 984 million, versus Euro 1,016 million in the 1Q 2011. The 3.2% drop in sales (down 3.8% at constant exchange rates) reflects the fall in demand for printing and writing papers (down 5% and 6%, respectively, in distribution and production) amid pressure on selling prices, as the company said in a press release received by Lesprom Network. EBITDA for the quarter came in at Euro 40 million, down 4.3% on 1Q 2011 (Euro 41 million) and the Group benefited from the positive impact of lower raw material costs and ongoing overhead reduction efforts. EBITDA margin was stable, at 4% of sales. Recurring operating income was Euro 23 million, compared with Euro 25 million for the same period in 2011. Recurring net income for the quarter was Euro 9 million versus Euro 11 million in the 1Q 2011. Including non-recurring items (mainly restructuring costs incurred by Antalis and Arjowiggins), net income attributable to owners totalled Euro 3 million, compared to Euro 24 million in the same year-ago period, which included the capital gain of Euro 17 million on the sale of Antalis Office Supplies. Sequana is a global player in the paper industry with a presence over 5 continents in more than 44 countries, the company operates in the distribution (representing two thirds of its sales) and production of papers.