In the first quarter of 2009, group revenues at Sonae Industria plunged by 30 % to €346m (Jan.-March 2008: 498m) compared to those for the same period in the previous year. Even against the fourth quarter of 2008, which had already been weak anyway with turnover of €373m, the company suffered a decline of 7 %. In contrast, the results figures improved again slightly in spite of the continuing falling prices compared to those of the last three months of 2008.
via EUWID: Sonae Industria revenues down by 30 %.
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