second quarter, Sonae witnessed significant achievements regarding the strategy
implementation for its businesses. We continued to grow in retail and
telecommunications segments, completed targeted acquisitions in Salsa and in
the technology area, proceeded with the recycling capital strategy and
reinforced investment in new shopping centres.
operational terms, results are globally positive, although reflecting distinct
realities in the different businesses. NOS and Sonae Sierra reported another
good quarter, as well as Sonae MC, which ensured the strengthening of its
market leadership, while consolidating its position as the player with the
lowest prices, within benchmark levels of profitability.
Worten also increased
its profitability and maintained a good turnover performance, in a seasonal
weaker quarter in comparison with the previous year, due to the Easter effect.
high levels of investment recorded this semester, debt continued to decline
year on year, leading to the maintenance of an adequate level of financial
strength, which coupled with the increasing quality of our teams, allow us to
face with optimism the challenges that our strategic ambition brings.
Co-CEO da Sonae