Sonae MC Reports Sales Growth Of 6.3% In FY2021

By Branislav Pekic
Share this article
Sonae MC Reports Sales Growth Of 6.3% In FY2021

Sonae MC, the food retail unit of Portugal’s Sonae, reported a turnover of €5.36 billion in its financial year 2021, a 6.3% increase compared to the previous year (+3.4% on a like-for-like basis).

The hypermarket segment reported 2.4% sales growth, to €1.8 billion, while supermarkets saw turnover increasing by 5.9%, to €2.7 billion.

The company's 'new growth businesses and others' segment registered the highest growth rate, of 16.5%, reporting €885 million in sales.

Store Network

Sonae MC opened 64 company-operated stores last year, including 12 Continente Bom Dia proximity stores, adding 25,000 square metres of sales space.

The company ended the year with 1,343 stores, including franchises, and a total sales area of 911,000 square metres.


Online sales in the same period grew by about 30%, reinforcing leadership in the segment.

The company noted that 2021 was 'another year marked by the constraints related to the COVID-19 pandemic'.

'Remarkable Growth Rates'

According to chief executive, Luís Moutinho, the company achieved "remarkable growth rates, both in total and LFL shops, in a highly uncertain and challenging context.”

He also added that Sonae MC outperformed market growth, enabling the group to boost its market leadership position.


Moutinho added, "[The year] 2022 will bring different challenges: we are confident that we are in a privileged position to overcome all difficulties and find new opportunities to exceed our customers our customers' expectations, keeping the company on its path of solid growth, with a strengthened ambition and a strong sense of purpose."

In August of last year, Sonae SGPS reached an agreement to sell 24.99% of its grocery retail unit Sonae MC to CVC Advisers Company (CVC Funds).

© 2022 European Supermarket Magazine. Article by Branislav Pekic. For more Retail news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.