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Sonae Communication

2017 Preliminary Retail Sales

25 January 2018

Luís Moutinho, CEO Sonae MC

"2017 was once again a positive year for Sonae MC with the continuous reinforcement of our market leadership in such a demanding market environment. In line with our expectations, sales increased by 5.4% when compared to 2016, supported by a LfL sales growth of 1.2% and by the continuous expansion of our Continente Bom Dia proximity stores.

The LfL sales growth clearly shows the results of a stronger value proposition, namely the effective improvement of our perishables’ quality as well as the price perception, confirmed by the latest study of DECO in which Sonae MC was recognised as the price leader in the Portuguese market”.

Miguel Mota Freitas, CEO Worten and Sonae S&F

"Worten ended a particularly good year by surpassing sales of €1bn and a high single digit LfL growth. With this positive performance, Worten has been able to reinforce its market share both in Portugal and Spain, in the online and offline channels.

Sports and Fashion division posted combined sales growth of 11.7%, with positive LfL contributions from all fashion brands, in spite of the negative impact from October weather conditions”.

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