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Sonae Communication

2018 Preliminary Retail Sales

24 January 2019
Luís Moutinho, CEO of Sonae MC
"Sonae MC reached another strong year with a significant reinforcement of the market leadership. Total sales surpassed €4bn with the highest LfL sales growth of the last 10 years and with all formats posting positive LfL figures, particularly the proximity stores. This performance clearly shows that the finetuning of our value proposition has been well received by our customers and gives us strong confidence for the future”.

Miguel Mota Freitas, CEO of Worten
"Worten kept its upward trend and ended the year with a very strong 8% top line growth reaching €1.1bn of total sales. An Iberian player that has been able to clearly increase its market share, with a strengthened leadership position in Portugal. 2018 also accelerated our digital transformation with increasingly higher weight of e-commerce sales and the launch of a marketplace offering in Portugal”.

Luís Reis, CEO of Sonae S&F
"Sonae Sports & Fashion recovered in the 4Q, being able to grow above the market and ending 2018 with positive top line performance across all key brands of our portfolio, in spite of a very tough year for the whole sector”.

Miguel Mota Freitas, CEO of ISRG

"ISRG banners had a very positive sales performance during 2018, posting strong growth levels and reinforcing our position as the second largest Iberian sports retailer, while successfully executing the value creation plan for the company. I am more confident than ever that we will further improve our value propositions and continue to grow in all our formats both in Spain and in Portugal”.

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