Sequana announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported sales of €694 million, EBITDA of €22 million, recurring operating income of €10 million, net loss attributable to owners of €6 million compared to the sales of €801 million, EBITDA of €25 million, recurring operating income of €11 million, net loss attributable to owners of €14 million for the same quarter a year ago.

For the nine months, the company reported sales of €2,195 million, EBITDA of €74 million, recurring operating income of €42 million, net loss attributable to owners of €35 million compared to the sales of €2,463 million, EBITDA of €88 million, recurring operating income of €47 million, net loss attributable to owners of €25 million for the same period a year ago.

The company expects 2016 full-year EBITDA to be down on its 2015 reported EBITDA, with its net debt/EBITDA (leverage) ratio standing between 3.0x and 3.5x at December 31, 2016.