SAG GEST - Soluções Automóvel Globais, SGPS, SA reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported sales of EUR 102,663,000 against EUR 98,427,000 a year ago. Turnover was EUR 105,047,000 against EUR 123,782,000 a year ago, reflecting the increased activity of the automotive sector in Portugal.

EBITDA was EUR 2,653,000 against EUR 14,766,000 a year ago. EBIT was EUR 1,989,000 against EUR 5,872,000 a year ago. Financial loss was EUR 4,957,000 against EUR 8,504,000 a year ago.

LBT was EUR 2,967,000 against EUR 2,632,000 a year ago. Consolidated net loss was EUR 3,454,000 against EUR 3,688,000 a year ago. Net loss was EUR 3,478,000 against EUR 3,681,000 a year ago.

The company's consolidated net debt, as at March 31, 2014, was EUR 298.5 million, a EUR 34.3 million increase when compared to the amount of net debt as at December 31, 2013. This change is essentially the result of the increase in cash flow requirements following the increase in business volume in the Portuguese automotive industry during the first quarter of the year.