PORTUGAL – Consolidated turnover for Sonae Indústria ́s continuing operations reached 1,027 million Euros in 2015, representing an increase of 1.3% compared to 2014.

This top line performance was driven by improvements in the average selling prices that increased by 1.5% when compared to 2014, as the sales volumes were kept flat y.o.y.. The main contribution to the positive performance of average selling prices came from the improvements witnessed in sales mix, with a growing share of value added products, with different contributions per geography, which more than compensated the decreases felt in OSB prices.

Sonae Indústria Recurrent EBITDA for full year 2015 reached 107 million Euros, representing an increase of 11 million Euros when compared to 2014, with an implicit recurrent EBITDA margin of 10.4% (1 p.p. above the value registered in 2014).  Rui Correa CEO of Sonae commented on results, “During 2015 we progressed significantly towards our strategic objectives that will lead us to become a sustainably profitable company. Important milestones include the strategic partnership agreement signed with Arauco, involving our European and South African operations, and the successful completion of our plan to rationalize our industrial footprint, involving the sale of our plants in Ussel and Linxe, in France and Betanzos, in Spain, which were contributing negatively to our cash flow generation.”

 

Sonae Industria Results October-December 4Q

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Sonae Industria Results January-December

Million EUR