Sonae SGPS SA (LTS:0ML0)
€ 0.9215 0.003 (0.33%) Market Cap: 1.79 Bil Enterprise Value: 4.73 Bil PE Ratio: 4.87 PB Ratio: 0.57 GF Score: 71/100
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Q2 2019 Sonae SGPS SA Earnings Call Transcript

Aug 22, 2019 / 02:00PM GMT
Release Date Price: €0.8325 (+0.60%)
Operator

Welcome to the Sonae's First Half 2019 Results Conference Call. (Operator Instructions) I would now turn the conference over to Mr. João Dolores. Please go ahead, sir.

JoÃ;o Pedro Magalhaes Da Silva Torres Dolores
Sonae, SGPS, S.A. - CFO & Director

£ -

Hello. Good afternoon, everyone, and welcome and thank you for attending Sonae's results conference call for the first semester of 2019. And together with me today, I have the CFOs of our businesses, Rui Almeida, from Sonae MC; Paulo Simões from Worten; Miguel Moreira from Sonae Fashion; Luís Mota Duarte from Sonae Sierra; and also our Investor Relations team. I will start by giving you the performance highlights for each individual business in the portfolio, and then I will cover Sonae's consolidated figures for the semester before opening up for Q&A.

Starting with the businesses. Sonae MC. Sonae MC had another strong quarter of sales performance, market share gains and underlying EBITDA growth. In the first half of the year, turnover reached EUR 2.2 billion, an increase of 10%

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