Sonae SGPS SA (LTS:0ML0)
€ 0.9475 -0.0035 (-0.37%) Market Cap: 1.82 Bil Enterprise Value: 5.04 Bil PE Ratio: 5.02 PB Ratio: 0.61 GF Score: 85/100

Q2 2020 Sonae SGPS SA Earnings Call Transcript

Aug 27, 2020 / 02:00PM GMT
Release Date Price: €0.6105 (-0.16%)
Operator

Thank you for your patience, ladies and gentlemen. Welcome to Sonae's First Half 2020 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 & Executive Director

£ -

Thank you. Hi, everyone. And thanks for joining our Q2 results conference call. As usual, together with me today, I have Rui Almeida from Sonae MC; Paulo Simões from Worten; Miguel Moreira from Sonae Fashion; Luís Mota Duarte from Sonae Sierra; and Cristina Novais from Sonae Investment Management; as well as our Investor Relations team as usual.

As you all know, after a very positive start to the year, the COVID-19 pandemic hit us in mid-March, and it was essentially during Q2 that we felt most of the impacts of this situation today. Some of our businesses felt tremendous pressure in their activity, mainly through spikes in demand, changes in consumption patterns and also disruptions in the supply chain and had to

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