1. HIGHLIGHTS OF FIRST HALF OF 2017:
  • Consolidated turnover increases by 8% to €2,603 M, as all businesses posted a positive top line trend. Growth accelerates in the second quarter with a 10% increase
  • Profitability improves consistently, with a 9.2% increase in underlying EBITDA to €116 M
  • Net results grow 39.7% in the second quarter, to €65 M
  • Sonae consolidates its multinational positon, being present in over 80 countries through its businesses

Ângelo Paupério, Co-CEO of Sonae, says:

'The second quarter progressed according to our expectations, with positive contributions from all activities, which led to significant turnover growth (+8%) and an increase in recurrent profitability (+12%) in the first semester when compared to the previous year.


Increased competition in different business areas has demanded aggressive productivity increases, along with high levels of investment that have resulted in the reinforcement of competitive positions in our main sectors.
The strong focus on the digital transformation of our companies and the improvement of their online value proposition was also evidenced by the achieved results.
In addition to positive operational developments and progress in strategic execution, once again we improved our balance sheet, which is now financed by equity close to 60%.'

See full Press Release here.

Sonae SGPS SA published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2017 18:12:03 UTC.

Original documenthttp://www.sonae.pt/en/media/press-releases/sonae-accelerates-growth-improves-operating-profitability-and-strengthens-internationalisation/

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