Q2 2023 Sonae - SGPS SA Earnings Call Transcript
Good morning. We welcome you to Sonae's First Half of 2023 Results Conference Call. (Operator Instructions) I now hand the conference over to Mr. Joao Dolores. Please go ahead, sir.
Good morning, everyone. Welcome to Sonae's First Half '23 Results Conference Call. Besides myself and the Investor Relations team, we have on the call Cristina Novais from Bright Pixel; LuÃÂs Mota Duarte from Sierra; Paulo Simões from Worten; and Fernando Van Zeller, our recently appointed CFO at MC.
As you know, the second quarter of the year continued to be marked by a challenging macroeconomic environment, geopolitical tensions remained high and inflationary trends and rising interest rates continued to pressure the disposable income of households. In any case, the Portuguese economy was quite resilient. And our businesses maintained high levels of agility to adapt to changing circumstances, mainly by continuing to partially absorb inflation to protect households and cater to
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