QUARTERLY ACCOUNTS FIRST 9 MONTHS OF 2016

QUARTERLY ACCOUNTS

PART 1 MANAGEMENT REPORT ………………………….………..… 3

PART 2 CONSOLIDATED FINANCIAL STATEMENTS…..………….….33

Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. Public Company

Av. Fontes Pereira de Melo, nº 14, 10º, 1050-121 Lisboa Companies Registry and Corporate Person no.: 502 593 130 Share Capital: € 81,270,000

PART 1

MANAGEMENT REPORT

CONTENTS

  1. HIGHLIGHTS 5

  2. MAIN DEVELOPMENTS 8

  3. OPERATIONAL PERFORMANCE 10

    1. PAPER AND PULP BUSINESS AREA 11

    2. CEMENT AND DERIVATIVES BUSINESS AREA 15

    3. ENVIRONMENT BUSINESS AREA 23

    4. HOLDINGS (SEMAPA SGPS AND INSTRUMENTAL SUB-HOLDINGS) 24

    5. CONSOLIDATED FINANCIAL PERFORMANCE 25

    6. SHARE PRICE PERFORMANCE 27

    7. OUTLOOK 28

    Semapa - Sociedade de Investimento e Gestão SGPS SA published this content on 29 November 2016 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 29 November 2016 18:33:05 UTC.

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