Grupo Soares da Costa SGPS SA announced consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported turnover of EUR 182,593,390 against EUR 243,766,815 a year ago. Operating income was EUR 159,963,477 against EUR 243,153,611 a year ago. Loss before taxes was EUR 38,118,909 against EUR 74,165 a year ago. Net loss attributable to the Group was EUR 30,907,691 or EUR 0.193 per share against EUR 1,961,131 or EUR 0.012 per share a year ago. Payments related to fixed tangible assets were EUR 1,768,494. Payments related to intangible assets were EUR 132,736.

For the full year, the company reported turnover of EUR 801,848,536 against EUR 873,548,049 a year ago. Operating income was EUR 784,321,677 against EUR 886,818,200 a year ago. Loss before taxes was EUR 58,186,359 against income before taxes of EUR 7,087,511 a year ago. Net loss attributable to the Group was EUR 46,881,180 or EUR 0.294 per diluted share against net income attributable to the Group of EUR 2,376,012 or EUR 0.015 per diluted share a year ago. Payments related to fixed tangible assets were EUR 4,801,423 against EUR 8,259,962 a year ago. Payments related to intangible assets were EUR 137,744 against EUR 1,996,014 a year ago. EBITDA was EUR 71.9 million against EUR 94.1 million a year ago. Recurrent EBITDA was EUR 102.5 million against EUR 95.4 million a year ago. EBIT was EUR 10.9 million against EUR 58.9 million. Total net debt was EUR 1,024.2 million against EUR 863.0 million a year ago.