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

Q3 2019 Sonae SGPS SA Earnings Call Transcript

Nov 14, 2019 / 03:00PM GMT
Release Date Price: €0.9265 (-1.09%)
Operator

Welcome to Sonae's First 9 Months 2019 Results Conference Call. (Operator Instructions)

I will now hand 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 third quarter of 2019. 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, and then I will cover Sonae's consolidated figures for the quarter before opening up for Q&A.

Starting with Sonae MC. Sonae MC maintained very positive performance with strong top line growth, which equates to market share gains once again and sustained its level of profitability. In the quarter, turnover

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