The Office Times

Sequana's loss widens

Sequana, the parent company of paper merchant Antalis, reported a net loss of € 80 million for the first half of 2014, compared to a loss of 36 million a year earlier, but turnover was up 2.7% to € 1,720 million. The increase was due to an improved product mix in group activities and the contribution of the Xerox office paper distribution business.

On April 10, Sequana announced a restructuring plan and a capital increase of € 66.3 million to enable it to recover its accounts after a 2013 that saw its net loss widen to 301 million euros against 123 million the previous year.



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