Sonae Indústria, S.G.P.S., S.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of €256,241,616 against €263,358,399 for the same period of last year. EBITDA was €21 million against €14 million for the same period of last year.

Recurrent EBITDA was €25 million against €19 million for the same period of last year. Operational loss was €6,688,710 against operational profit of €1,599,646 for the same period of last year. Net loss from continuing operations before taxation was €1,862,009 against €14,410,242 for the same period of last year.

Net loss attributable to equity shareholders of the company from continuing operations was €2,730,108 against €14,976,109 for the same period of last year. Net loss was €10,542,823 against €26,588,574 for the same period of last year. Basic and diluted loss per share from continuing operations was €0.0002 against €0.1070 for the same period of last year.

Net cash outflow from operating activities was €26,342,634 against €16,875,022 for the same period of last year. Cash Payments arising from tangible fixed assets and intangible assets was €6,050,426 against €7,303,436 for the same period of last year. Net debt was €597 million as on March 31, 2015 against €701 million as on March 31, 2014.

Capital expenditure was €2,265,310.