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Ângelo Paupério

9M17 Results

15 November 2017

During this 3rd quarter, in which thebusiness portfolio is now comparable to the same period of last year, wecontinued to grow at a healthy trend (4.8%) in aggregated terms, thanks to thepositive contribution from all our main activities, particularly from ourvarious retail businesses, which grew by 5.1%.

This performance was equally positive interms of profitability, with aggregated EBITDA growing by 10% when comparedwith the same period of 2016, and at the same time strengthening competitivepositions without compromising the quality of our value proposals as once againhighlighted by the recognition in another DECO study showing we are the retaileroffering the lowest prices in the Portuguese market.

In a quarter in which investment was kept athigh levels, we continued to reinforce capital structure through lowered debt,increased maturity and improved financing conditions.

Ângelo Paupério,
Sonae Co-CEO

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