Sonae Indústria announced unaudited consolidated earnings results for the second quarter and first half ended June 2015. For the second quarter, the company reported consolidated turnover of EUR 270 million against EUR 265 million a year ago. EBITDA was EUR 28 million against EUR 25 million a year ago. Recurrent EBITDA was EUR 29 million against EUR 27 million a year ago. Operational profit was EUR 12 million against EUR 8 million a year ago. Profit before taxes continued operations (EBT) was EUR 2 million against loss before taxes continued operations of EUR 6 million a year ago. Loss from continued operations was EUR 0 million against EUR 6 million a year ago. Consolidated net loss for the period was EUR 9 million against EUR 11 million a year ago. Net loss attributable to equity holders was EUR 9 million against EUR 11 million a year ago. Additions to gross tangible fixed assets reached EUR 4.7 million in the second quarter of 2015, which compares with EUR 16.5 million during the same period in 2014 (which were mostly related with the strategic investments completed during 2014). The majority of the second quarter of 2015 investments was related with maintenance improvements.

For the first half, the company reported consolidated turnover of EUR 528 million against EUR 529 million a year ago. EBITDA was EUR 48 million against EUR 39 million a year ago. Recurrent EBITDA was EUR 54 million against EUR 46 million a year ago. Operational profit was EUR 19 million against EUR 6 million a year ago. Profit before taxes continued operations (EBT) was EUR 1 million against loss before taxes continued operations of EUR 20 million a year ago. Loss from continued operations was EUR 3 million against EUR 21 million a year ago. Consolidated net loss for the period was EUR 20 million against EUR 38 million a year ago. Net loss attributable to equity holders was EUR 20 million against EUR 38 million a year ago. Net debt as at end of June 2015 was EUR 606 million against EUR 696 as at end of June 2014.