Sequana reported consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported sales of EUR 1,662 million, operating income of EUR 24 million, net loss attributable to shareholders of EUR 11 million or EUR 0.17 consolidated diluted per share against sales of EUR 1,720 million, operating loss of EUR 37 million, net loss attributable to shareholders of EUR 82 million or EUR 1.70 consolidated diluted per share for the same period a year ago. The company reported net cash used in operating activities of EUR 95 million and expenditure on acquisition of property, plant and equipment and intangible assets of EUR 23 million against net cash used in operating activities of EUR 166 million and expenditure on acquisition of property, plant and equipment and intangible assets of EUR 20 million for the same period a year ago.

Net debt stood at EUR 308 million, EUR 22 million higher than at 30 June 2014. This increase mainly reflects the impact of acquisitions in the packaging sector and higher levels of business in second quarter due to the changes in the European competitive landscape.