Ramada Investimentos e Industria, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 30, 2022 at 12:39 pm EST
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Ramada Investimentos e Industria, S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 46.98 million compared to EUR 36.12 million a year ago. Net income was EUR 6.12 million compared to EUR 3.93 million a year ago. Basic earnings per share from continuing operations was EUR 0.24 compared to EUR 0.15 a year ago. Diluted earnings per share from continuing operations was EUR 0.24 compared to EUR 0.15 a year ago.
For the nine months, sales was EUR 159.03 million compared to EUR 102.19 million a year ago. Net income was EUR 16.13 million compared to EUR 10.1 million a year ago. Basic earnings per share from continuing operations was EUR 0.63 compared to EUR 0.39 a year ago. Diluted earnings per share from continuing operations was EUR 0.63 compared to EUR 0.39 a year ago.
Ramada Investimentos e Ind'stria, S.A. is a holding company organized around 2 areas of activities:
- production of special steels (96% of net sales). The group also develops a manufacturing of storage systems activity and offers financial services.
- development and management of real estate assets (4%).
Portugal accounts for 68% of net sales.
RAMADA INVESTIMENTOS E INDÚSTRIA, S.A. 
