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

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.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.