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Luís Moutinho

Sonae MC’s performance in food retail in 2016

19 January 2017

I am particularly pleased with 2016 results. We were able to increase turnover by 5.6% and to reinforce our leadership despite the very tough market environment.

This growth was driven by a LfL sales increase of 1.9%, at the same time that we kept betting in the expansion of our Continente Bom Dia urban stores, and the continued improvement of our value proposition and price perception.

These results are also important for the upcoming quarters, as they demonstrate that we have the right strategy and the right resources to reach our objectives.

Luís Moutinho
CEO Sonae MC

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