Sequana Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016; Provides Earnings Guidance for the Year 2016
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.