Martifer SGPS, S.A. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, the company reported sales and services rendered of EUR 134,057,945 compared to EUR 416,459,259 for the same period a year ago. Operating loss was EUR 35,068,219 compared to EUR 15,913,360 last year. Loss before tax was EUR 52,144,251 compared to EUR 45,925,012 last year. Loss after tax was EUR 54,406,089 compared to EUR 48,733,404 last year. Loss was EUR 78,979,153 compared to EUR 48,733,404 last year. Loss attributable to owners of the company was EUR 60,260,194 or EUR 0.6163 per basic and diluted share compared to EUR 50,201,524 or EUR 0.5134 per basic and diluted share last year. Net cash used in operating activities was EUR 7,270,355 compared to net cash generated from operating activities of EUR 12,313,454 last year. Payments arising from tangible assets were EUR 11,349,646 compared to EUR 8,844,632 last year. Payments arising from intangible assets were EUR 110,334 compared to EUR 1,403,314 last year. Capital expenditures were EUR 11,746,738 against EUR 10,259,106 last year. Revenues were EUR 158.2 million compared to EUR 234.0 million last year.
Basic and diluted loss per share from continued operations was EUR 0.4789 compared to EUR 0.5134 per basic and diluted share last year. The group's consolidated net debt reached, on September 30, 2014, EUR 296 million, showing a EUR 39 million decrease when compared to the end of the year 2013. EBITDA was EUR 8,518,598 compared to EUR 19,639,066 last year.

For the quarter, the company reported sales and services rendered of EUR 42,862,227 compared to rendered sales and services of EUR 288,777,929 for the same period a year ago. Operating loss was EUR 26,563,645 compared to operating income of EUR 21,026,713 last year. Loss before tax was EUR 31,593,902 compared to profit before tax of EUR 2,637,334 last year. Loss after tax was EUR 31,903,915 compared to profit after tax of EUR 2,855,874 last year. Loss was EUR 40,714,263 compared to EUR 56,344 last year. Loss attributable to owners of the company was EUR 29,768,951 or EUR 0.3044 per basic and diluted share compared to EUR 54,600 or EUR 0.0006 per basic and diluted share last year. Basic and diluted loss per share from continued operations was EUR 0.2541 compared to basic and diluted earnings per share from continued operations of EUR 0.0098 last year.

For the quarter, impairment losses were EUR 1,505,151 against EUR 830,623 last year.