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Sonae SGPS SA (YSO.LS)

YSO.LS on Lisbon Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sonae Concludes Purchase Of 20 Pct Stake In Sonae Sierra
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Sonae SGPS SA ::SAYS CONCLUDES PURCHASE OF 20 PERCENT STAKE IN SONAE SIERRA FROM GROSVENOR FOR 255.9 MILLION EUROS.  Full Article

Sonae Appoints Claudia Azevedo As CEO
Wednesday, 18 Jul 2018 

July 18 (Reuters) - SONAE SGPS SA ::SAID ON TUESDAY, IN ACCORDANCE WITH REQUEST FROM MAJORITY SHAREHOLDER EFANOR INVESTIMENTOS, THAT IT APPOINTS CLÁUDIA AZEVEDO FOR THE ROLE OF NEW CEO .CURRENT CO-CEOS PAULO AZEVEDO AND ÂNGELO PAUPÉRIO WILL KEEP PRESENCE AT BOARD IN NON-EXECUTIVE ROLES .BOARD OF SONAE CAPITAL <<>> RESOLVES TO APPOINT MIGUEL GIL MATA FOR POSITION OF CEO FOLLOWING CLÁUDIA AZEVEDO'S DECISION TO RESIGN.  Full Article

CTT And Sonae To Create JV And Exploit Business Opportunity In E-Commerce Market
Friday, 15 Jun 2018 

June 15 (Reuters) - CTT Correios de Portugal SA ::SAID ON THURSDAY ENTERED INTO AGREEMENT WITH SONAE SGPS SA TO CREATE JOINT VENTURE TO EXPLOIT BUSINESS OPPORTUNITY IN E-COMMERCE MARKET.SAYS CREATED COMPANY WILL HAVE SONAE (50 PERCENT) AND CTT (50 PERCENT) AS ITS SHAREHOLDERS.IMPLEMENTATION OF PROJECT INVOLVES INVESTMENT OF 10 TO 15 MILLION EUROS IN FIRST TWO YEARS OF OPERATION, EQUALLY SPLIT BETWEEN THE TWO COMPANIES.CREATED E-COMMERCE PLATFORM TO PROVIDE INTEGRATED SERVICES FOR INTERMEDIATION OF COMMERCIAL RELATIONS BETWEEN SELLERS AND CONSUMERS.  Full Article

Sonae IM says adds Spain's Nextel to cyber security unit
Friday, 8 Jun 2018 

June 8 (Reuters) - Sonae Investment Management, a unit of Portugal's retail group Sonae SGPS SA says in a statement::AGREED TO MERGE ITS CYBER SECURITY UNIT S21SEC WITH SPAIN'S NEXTEL.ADDS CLIENTS IN SPAIN, LATIN AMERICA.REINFORCES LEADING POSITION IN IBERIAN MARKET, WILL SEEK TO BECOME EUROPEAN LEADER.DOES NOT DISCLOSE THE VALUE OF THE DEAL.COMBINED UNIT WILL HAVE 400 PROFESSIONALS.  Full Article

Sonae Continues To Evaluate Listing Of Its Retail Portfolio
Tuesday, 22 May 2018 

May 22 (Reuters) - SONAE SGPS SA ::SAID LATE ON MONDAY BOARD CONTINUES TO EVALUATE POTENTIAL LISTING OF PART OF COMPANY'S RETAIL PORTFOLIO, IN WHICH SONAE WOULD MAINTAIN A MAJORITY SHAREHOLDING.THE RETAIL PORTFOLIO WHICH WOULD POTENTIALLY BE LISTED MAINLY INCLUDES COMPANY'S FOOD RETAIL BUSINESS (SONAE MC) AND THE ENTITY THAT MANAGES ITS REAL ESTATE PROPERTIES (SONAE RP) .SONAE HAS APPOINTED BARCLAYS, BNP PARIBAS AND DEUTSCHE BANK TO ARRANGE EXPLORATORY MEETINGS WITH POTENTIAL INVESTORS FOR A POSSIBLE INITIAL PUBLIC OFFERING (IPO).NO FORMAL DECISION HAS BEEN TAKEN AT THIS STAGE.  Full Article

Sonae Q1 Underlying EBITDA Up 11 Pct At 57 Mln Euros YoY
Friday, 18 May 2018 

May 18 (Reuters) - SONAE SGPS SA ::SAID ON THURSDAY Q1 NET PROFIT 20 MILLION EUROS VERSUS 8 MILLION EUROS YEAR AGO.Q1 UNDERLYING EBITDA 57 MILLLION EUROS VERSUS 51 MILLION EUROS YEAR AGO .Q1 TURNOVER 1.34 BILLION EUROS VERSUS 1.23 BILLION EUROS YEAR AGO.  Full Article

Sonae FY Net Profit Down 22.9 Pct At 165.8 Mln Euros YoY
Thursday, 15 Mar 2018 

March 15 (Reuters) - SONAE SGPS SA ::FY UNDERLYING EBITDA 336 MILLION EUROS VERSUS 315 MILLION EUROS YEAR AGO.FY NET PROFIT 165.8 MILLION EUROS VERSUS 215 MILLION EUROS YEAR AGO.FY TURNOVER 5.71 BILLION EUROS VERSUS 5.33 BILLION EUROS YEAR AGO.TO PROPOSE GROSS DIVIDEND OF 0.042 EUROS PER SHARE.SAYS BOARD IS ANALYZING OPPORTUNITY OF POTENTIAL LISTING OF RETAIL PORTFOLIO, IN WHICH SONAE WILL RETAIN ITS MAJORITY SHAREHOLDING.SAYS AT THIS STAGE NO FORMAL DECISION HAS BEEN TAKEN AND FURTHER DETAILS WILL BE PROVIDED IN DUE COURSE.  Full Article

Portugal retailer Sonae's Q4 sales up 7 pct
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Portugal's largest retailer Sonae ::Q4 TOTAL RETAIL SALES 1.56 BLN EUROS, UP 7.3 PCT VS YEAR AGO; FOOD RETAIL SALES UP 6.8 PCT AT 1.07 BLN EUROS.TOTAL RETAIL SALES UP 6.9 PCT IN 2017 TO 5.55 BLN EUROS WITH GROWTH IN ALL UNITS; FOOD RETAIL UP 5.4 PCT.SAYS WORTEN APPLIANCE STORES HIT SALES OF JUST OVER 1 BLN EUROS FOR FIRST TIME IN 2017, UP 10 PCT.SAYS REINFORCED MARKET SHARE IN 2017.Source text for Eikon: .Further company coverage: YSO.LS.  Full Article

Sonae 9-mo net profit down 3 pct at 133 mln euros
Wednesday, 15 Nov 2017 

LISBON, Nov 15 (Reuters) - Sonae reported 9-month net profit of 133 million euros.:* 9-month net profit 133 mln euros vs 137 mln euros year ago.* 9-month underlying EBITDA 221 mln euros vs 202 mln euros year ago.* 9-month turnover 4.115 bln euros vs 3.849 bln euros year ago.  Full Article

Portugal's Sonae step closer to listing food retail business

LISBON, Aug 23 Portuguese holding company Sonae has taken decisive steps towards launching an initial offering (IPO) of its market leading food retail subsidiary, the co-chief executive of the company said on Thursday.