Sequana Reports H1 Results

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Sales down 9% to €1,799 million, reflecting marked drop in volumes for printing papers

EBITDA down to €59 million from €79 million for first-half 2012, reflecting lower demand and pressure on selling prices;
EBITDA margin down 0.7 points to 3.3%Antalis: Resilient operating performance and EBITDA margin thanks to steady prices, enhanced product mix and reductions in overheadsArjowiggins: Decline in earnings due to lower volumes of printing papers amid pressure on selling prices and product mixNet loss of €36 million 
Finalisation of agreements to extend the Group's credit facilities through 30 November 2015 with more flexible financial covenants to reflect the current business climate