Sonae – SGPS presented results this morning before the market opening. The profit of the retailer rose 21.9% to 175 million euros in 2015, despite lower margins in retail, according to the statement sent to CMVM.
For these consolidated results contributed operations of sale and rental real estate and indirect results.
the profit was below expectations of four analysts polled by Reuters, who anticipated a score of 183 mILLIONS euros and sales of 5.017 million. However, the turnover increased by 0.8% to 5.014 million.
Sonae – owned by more than 52% by Efanor, holding tycoon Belmiro de Azevedo – holds the largest retailer in Portugal, and also holds stakes in telecom IN NOS.LS, Sonae Capital SONAC.LS, Sonaecom and Sonae Sierra SNC.LS.
it should be noted that, in 2015, the indirect results of Sonae’s subsidiaries increased to 49 million, compared with 19 million in 2014.
net debt Sonae reached 1,293 million euros in 2015, over 42 million more than the previous year.
it refers also that Sonae MC arm for food retail, opened 11 stores near Continente Bom Dia, 2 stores Modelo Continente and 65 shops My Super.
in the specialized retail, the retailer said the contribution of Worten and SportZone in Spain that were, until recently, a focus of concern for investors.
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