Sonae Indústria’s Q1, 2015 net results improve by €16m against Q1, 2014
19 May 2015Sonae Indústria has announced Q1, 2015 results with consolidated turnover at €258m, which is €17m above Q4, 2014, but slightly below the Q1, 2014 level (-2.6%) mostly as a result of lower demand in the OSB segment in northeast Europe.
Recurrent EBITDA of €25m, up by 29% when compared to Q1, 2014 and net results improved by €16m as against Q1, 2014.
Sonae stated in its report that for the remainder of 2015, and as part of the defined strategy, it expects to complete the restructuring of the assets that are currently classified as available for sale, thus concluding the process of concentrating its wood based panels' production capacity in the most efficient plants.
In terms of market demand the company said it expected to continue to face the same challenges in terms of its OSB products, due to the on-going investment in OSB manufacturing facilities in eastern Europe.
