Sonae Indústria reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported turnover of EUR 250 million against EUR 241 million a year ago. EBITDA was EUR 19 million against EUR 15 million a year ago. Recurrent EBITDA was EUR 26 million against EUR 23 million a year ago. Operational profit was EUR 3 million against EUR 0 million a year ago. LBT was EUR 9 million against EUR 12 million a year ago. Loss from continued operations was EUR 7 million against EUR 17 million a year ago. Net loss attributable to shareholders was EUR 8 million against EUR 68 million a year ago.

For the year, the company reported turnover of EUR 1,027 million against EUR 1,051 million a year ago. EBITDA was EUR 92 million against EUR 90 million a year ago. Recurrent EBITDA was EUR 107 million against EUR 96 million a year ago. Operational profit was EUR 29 million against EUR 18 million a year ago. LBT was EUR 13 million against EUR 35 million a year ago. Loss from continued operations was EUR 17 million against EUR 42 million a year ago. Net loss attributable to shareholders was EUR 36 million against EUR 116 million a year ago, driven in large part by the impact of discontinued operations, with a loss of EUR 19 million. Net debt was EUR 570 million against EUR 564 million a year ago. Additions to Gross Tangible Fixed Assets reached EUR 22 million in 2015, which compares with EUR 43 million during 2014.