23 JULY 2014Sapa press release
Positive second quarter for Sapa
Edited by : AL CIRCLE
1 min read
Sapa achieved improved results in the second quarter of the year due to increased volume and the positive effects of its restructuring programs.
Sapa had underlying EBIT of NOK 350 million in the second quarter, compared with NOK 211 million in the second quarter of last year. Operating revenues rose from NOK 10,974 million in Q2 2013 to NOK 11,544 million in the same period this year.
The increase in underlying EBIT for both the second quarter and first half of the year was largely driven by increased volume and the positive contribution from its restructuring programs. Sapa’s restructuring agenda is proceeding according to plan and reported EBIT has been affected by related restructuring charges.
Sapa had underlying EBIT of NOK 350 million in the second quarter, compared with NOK 211 million in the second quarter of last year. Operating revenues rose from NOK 10,974 million in Q2 2013 to NOK 11,544 million in the same period this year.
The increase in underlying EBIT for both the second quarter and first half of the year was largely driven by increased volume and the positive contribution from its restructuring programs. Sapa’s restructuring agenda is proceeding according to plan and reported EBIT has been affected by related restructuring charges.
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