Sonae, SGPS, S.A. engages in retail, financial services, technology, shopping center, and telecommunication businesses. The company operates hypermarkets under the Continente brand; convenience supermarkets under the Continente Modelo and Continente Bom Dia brands; franchised supermarkets under the Meu Super brand; cafeteria/restaurants under the Bom Bocado and Bagga brands; healthy food supermarkets and restaurants under the Go Natural brand; book shops and stationery under the Make Notes and Note! brands; health, well-being, and eye care centers under the Well´s brand; and dental and aesthetic medicine clinics under the Dr. Well's brand, as well as provides dog and cat products and services under the ZU brand. It also sells sportswear apparel and footwear under the Sprinter brand; clothing, footwear, and accessories under the MO brands; baby and children clothing, footwear, and accessories, as well as childcare products under the Zippy and Losan brands; and jeans, clothing, and accessories under the Salsa brand. In addition, the company sells consumer electronics and entertainment products under the Worten brand; and mobile telecommunications products under the Worten Mobile brand, as well as manages a portfolio of retail real estate properties. Further, it engages in the investment management activities; and the provision of financial services, including money transfer, store credit, and insurance brokerage services, as well as various cards. Further, it owns, manages, and leases shopping centers; and provides telecommunication services to residential, personal, corporate, and wholesale markets. The company operates in Portugal, Spain, France, the United Kingdom, Germany, Italy, Romania, Brazil, Mexico, the Netherlands, and internationally. Sonae, SGPS, S.A. was founded in 1959 and is headquartered in Maia, Portugal.
http://www.sonae.pt/en/ Sonae accelerates growth as sales increase by 11% in the first six months Sonae consolidated turnover increased by 11% to €2,985 M Improved operational profitability as underlying EBITDA grew 24% to €243 M and EBITDA increased 9.6% to €284 M Net results reached €38 M, having grown by 24% on comparable basis (excluding the impact of selling the stake in Outsystems in 2Q18) Investment rose to €189 M, a 25.3% growth driven by organic expansion and acquisitions Net debt decreased €131 M on a comparable basis Cláudia Azevedo, CEO of Sonae, says "Sonae had a very positive first half of the year, with strong growth, profitability improvements and important milestones in terms of portfolio management. Consolidated turnover grew 11.0% y.o.y. to €2,985 M, with a particularly strong contribution from Sonae MC, solid growth at Sonae IM, and a better performance of Worten and Sonae Fashion in the second quarter. Non-consolidating businesses also posted very positive top line evolutions, especially MDS and ISRG, both with strong double-digit growth. These results give us great comfort that the value propositions of our businesses are being truly appreciated by our customers. Underlying EBITDA increased 24.4% to €243 M, with Sonae MC maintaining its benchmark profitability level and Sonae Fashion improving its margins on the back of higher sales and its ongoing transformation programme. Total EBITDA grew 10% y.o.y. despite the challenging comparable of 2018, marked by the capital gain of the Outsystems transaction. Regarding portfolio management, in the quarter Sonae Sierra Brasil reached a final merger agreement with Aliansce Shopping Centers to create the largest shopping centre operator in Brazil. Also in the second quarter Sonae IM continued to invest in technology-based companies and, already in July, announced the agreement with Mobileum to sell WeDo. This transaction illustrates Sonae IM’s value creation model and we are confident that, under the new ownership, WeDo will be able to continue its growth trajectory in years to come. Given this set of results, the robustness of our value propositions and the strength of our management teams, we remain confident that 2019 will be a very positive year for Sonae.”.
