The year of
2017 began well for Sonae. In a challenging quarter in year-on-year comparison,
we grew in all businesses ensuring a profitability in line with our
expectations. On a consolidated basis, turnover increased 6% and the underlying
EBITDA grew 12.7%, highlighting the positive evolution in specialised retail.
our positive operating performance, we moved ahead along our strategic growth
avenues, concluding the acquisition of Brio, which will afford greater
dimension and strengthen competencies in the dynamic area of healthy food. In
the same way, in the Sports Fashion sector, we signed an agreement with JD
Sprinter to create the 2nd Iberian sports player which, combining the assets
and competencies that both Groups enjoy in the sector, will foment redoubled
ambition in size and profitability.
to benefit from a solid capital structure, with greater maturity on debt and
lower financing costs, thus maintaining favorable conditions for the fulfilment
of our growth ambitions and continuous improvement of the value propositions we
present our customers.