“I think it is deserved that highlight the` performance` really good NOS, Sonae Sierra and Investment Management (IM – Investment Management). Sometimes we talk less of them, but it is important to say that these three areas are today account for more than half of the Sonae value, so it is to highlight the really positive behavior of the three, “the source said in statements to Lusa agency within the disclosure of the quarterly results of the group.
Describing the quarter as “very positive,” the source also stressed the “very good performance” of Sonae SR (specialized retail), “above market expectations,” and the performance of the “aircraft carrier Continent”, which “continued to register sales growth and resilience in terms of operating profitability. ”
A start-up year the internationalization remained “a bet very strong”, highlights were the children’s wear insignia Zippy and sport Sport Zone.
The first, “with franchise already in 22 countries and has more than 50 stores outside of Portugal”, while the Sport Zone has now exports to 18 countries, most of which the Western world, where markets are more “mature, difficult. ”
Of Sonae activity until March the source also pointed out the annual reduction of 27 million euros debt, which at the end of the quarter stood at 1.47 billion euros, explaining that, in comparable terms, the debt was reduced effectively in “more than 130 million euros”, considering “more than 100 million paid to France Telecom because of the acquisition of the stake in Sonaecom” a year earlier.
“And this happens in a quarter in which we were especially aggressive from the point of view of investment, which increased by 57.5%,” he said, adding that this year the group plans undergo open “more than two dozen new stores “in Portugal,” virtually all “in the food retail area.”
tags: Continente, Sonae,
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