Sonae: latest retail news, insights and analysis | ESM Magazine

Portugal's Sonae Sees Net Profit Fall Due To Rising Energy And Transport Costs

Sonae, which owns Portugal's largest food retailer Continente, said that its third-quarter net profit fell 4.2%, despite a solid increase in sales, as reco...

Sonae’s MC Arm Reports H1 Turnover Growth Of 7.6%

Portuguese food retail group MC, part of Sonae SGPS, has reported turnover of €2.69 billion in the first half of its financial year, up 7.6% year-on-y...

Portugal's Sonae Q4 Profit Rises 46%, Sees Challenges Ahead

Sonae, which owns Portugal's largest food retailer, said fourth-quarter net profit rose 46% after most coronavirus restrictions were lifted, though challen...

Portugal's Sonae Reports 32.5% Jump In Third Quarter Profit

Portugal's Sonae reported a 32.5% jump in its third-quarter net profit, driven by solid sales after the gradual easing of the coronavirus restrictions.

Two 'Virtual Supermarkets' To Open In Portugal: Report

Portugal will soon see two new players enter the 'dark store' business in the food retail sector, according to a report in Economia Online. The virtual...

Portugal's Sonae Reports First-Quarter Profits Despite Pandemic

Portugal's Sonae, which owns the country's largest food retailer, swung to a net profit of €1 million in the first quarter of its financial year on ro...

Sonae Says Portugal's Recovery And Resilience Plan Is A 'List Of Expenses': Report

Portuguese company Sonae's chief executive Cláudia Azevedo believes that the Portuguese Recovery and Resilience Plan (RRP) is a "list of expens...

Portugal's Sonae Sees Q4 Profit Fall As COVID-19 Impacts Shopping Centres

Portugal's Sonae, which operates the Continente supermarket chain, said that its fourth-quarter net profit fell 3.4% from a year ago as the COVID-19 pandem...