"This has been another year of positive performance from our main businesses but sadly, also one in which we experienced two significant events that left sorrow in our hearts and minds; the passing away of Belmiro de Azevedo, my father and the leader and founder of Sonae Indústria; and the unfortunate tragedy in our two plants in Portugal due to the forest fires.
During 2017, Sonae Indústria consolidated and embraced its new dual corporate purpose: management of the strategic partnership at Sonae Arauco and management of its fully owned businesses, North
America and Laminates & Components.
Benefiting from an overall stronger economic background and resulting improved demand conditions, results were positive in both our main businesses and enabled Sonae Indústria to deliver a positive Net Result for the second consecutive year, improving on its 2016 consolidated performance."
Paulo Azevedo, Chairman Sonae Indústria
Sonae Indústria has won, for the first time, the Euronext Lisbon Awards in the category “Best Performance”. This award excels the performance of listed companies on Euronext Lisbon in 2017.
The ceremony took place on 20 February 2018 as part of a larger event, “Conferência Via Bolsa”, and brought together an audience comprising different participants such as investment banks, listed companies, analysts, fund managers and law firms. It is intended to reward the best performance in 2017 by acknowledging the companies, institutions and persons who outperformed in the Portuguese capital market.
Sonae Indústria was represented by the company’s Investor Relations Officer, João Mangericão who said, “it is an enormous satisfaction to be awarded such a distinction which recognises the important work developed by the company in recent years.”