Sonae Indústria reports Q3 net loss of €14M from loss of €9M a year earlier on turnover down 6% to €312M; results impacted by weaker demand driven by normal summer shut downs, European austerity measures

Nov 19, 2012 – Sonae Industria SGPS SA By Allison Oesterle

Headlines are rewritten for editorial clarity. The original story and headline begin below.

Original Headline: Sonae Indústria, SGPS, SA announces results for 3rd Quarter 2012

Building Products & Wood

MAIA, Portugal , November 19, 2012 (press release) – Sonae Indústria reports unaudited Consolidated Results for the first nine months of 2012 (9M12) which are prepared in accordance with IAS 34 – Interim Financial Reporting.

Highlights of Financial Performance:

  • Comparing 9M12 with 9M11, like-for-like values*:

o Turnover decreased by 2%,from 1,024 to 1,005 million Euros
o Recurrent EBITD Amargin fell 0.4 ppreaching 7.6%
o Net losses from continued operations reduced from 49 to 28 million Euros
o Net Debt reduced 28 million Euros to 696 million Euros

  • Comparing 3Q12 with 3Q11, like-for-like values*:

o Turnover decreased by 6%, to 312 million Euros
o Recurrent EBITDA dropped 2.4 pp to 20 million Euros
 

Click here to see the full financial release.

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