Company recorded consolidated net income of 11 million negative in the quarter, an improvement of 60% over the same period of 2014. The strategy has undergone sell factories.
Sonae Indústria continues to recover this year, especially taking into account the divestments that the company led by Rui Correia carried out in recent months, selling factories in France and Spain.
So in the first quarter of 2015, the company recorded a net profit of 11 million euros, an improvement of 60% over the same period of 2014. Excluding the units sold, the losses amounted to 3 million euros, compared to 15 million negative in the first quarter 2014.
The operating profit of seven million euros and “recurring EBITDA increased 29% over the first three months of 2014, reaching 25 million euros,” he said in a statement. Since the turnover from continuing operations was 258 million euros, slightly less than the 265 million the previous year, but an increase of 7% over the last quarter of 2014.
CEO business concerns, quoted in the same statement that “in the first quarter 2015 reached important goals in the implementation of our strategic plan in order to strengthen the profitability and sustainability of Sonae Indústria activities. In this period we managed to complete the sale of Ussel unit in France and Betanzos in Spain. “
Sonae Indústria could still” a reduction of fixed costs on a comparable basis, approximately 1.4 million euros, compared to the same period of 2014, “says the same statement.
Net debt of 597 million euros, decreased compared to the same quarter but increased by 6% compared to the end of 2014.
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