Sequana’s consolidated 9 months 2018 sales were Euro 1,759 million, down 2.1% year-on-year (and down 0.5% at constant exchange rates.
EBITDA was Euro 46 million (down 15.6%), compared with Euro 53 million in the first nine months of 2017. The EBITDA margin rate was down by 0.3 points to 2.6%.
Current operating income was Euro 28 million, a decline of 26.9% on the Euro 38 million reported for the first nine months of 2017, which included a Euro 2.3 million gain arising on a change to a pension plan carried on Antalis’ books. The current operating margin came in 0.5 points lower at 1.6% of sales.
Sequana is a major player in the paper industry, boasting leading positions in each of its two businesses: in the distribution of paper and packaging products.