Signs of recovery for Sonae
- Details
PORTUGAL (Notifix).- Compared to 1Q10, 1Q11 consolidated turnover for Sonae Industria increased by 10% in spite of a reduction of 7% in the installed capacity and of losing 2% in volumes sold. Recurrent EBITDA margin recovered by 3pp, achieving 5% of turnover, which illustrated the effectiveness of the restructuring measures implemented. Turnover increased 10%, reaching 352 million euros. Net loss reduced 40% from 35 to 21 million euros.