Mar 09, 2015. /Lesprom Network/. Consolidated turnover for Sonae Indústria’s continued operations was Euro 1,015 million in 2014, slightly below 2013 level (by 3.4%), on a comparable basis, mainly driven by lower demand in the OSB segment in Germany, as the company said in the press release received by Lesprom Network. 

In terms of breakdown, the reduction in the consolidated turnover was due to a combination of reduced sales volumes (2.5% below 2013) and slightly lower average selling prices (-1% when compared to 2013).

Top line performance was also negatively impacted in terms of sales mix by the reduced weight of OSB in the sales mix.

In the 4Q14, compared to same quarter of 2013, consolidated turnover was 4% below.

Sonae Indústria recurrent EBITDA for full year 2014 was of Euro 96 million, implying a recurrent EBITDA margin of 9.4%, up by 1.2 p.p. when compared to 2013.

As result of these developments, total EBITDA for 2014 reached Euro 90 million Euro, up by Euro 17 million, when compared to similar scope in 2013.

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