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Sonae SGPS SA (YSO.LS)

YSO.LS on Lisbon Stock Exchange

0.92EUR
25 May 2017
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Latest Key Developments (Source: Significant Developments)

Sonae to buy organic supermarket chain BRIO
Wednesday, 26 Apr 2017 03:18am EDT 

April 26 (Reuters) - Sonae SGPS SA ::Announces that, through one of its subsidiaries, it has reached an agreement to buy 100 percent of the organic supermarket chain BRIO - Produtos de Agricultura Biologica SA (BRIO).  Full Article

Portugal retailer Sonae's 2016 net profit up 23 pct, above forecast
Thursday, 16 Mar 2017 03:44am EDT 

Portugal's largest retailer Sonae says in a statement: 2016 net profit up 23 percent at 215 million euros ($230.57 million) . Revenues up 7 percent at 5.38 billion euros . Underlying EBITDA drops 3 percent to 320 million euros . Overall EBITDA rises 6 percent to 416 million euros .Analysts in a Reuters survey expected, on average, a net profit of 180 million, underlying EBITDA of 316 million and revenues of 5.38 billion euros..  Full Article

Sonae signs MOU with JD Sports and JD Sprinter for business combination in Iberia
Thursday, 9 Mar 2017 02:59am EST 

Sonae SGPS SA : Says signs Memorandum of Understanding (MOU) with JD Sports Fashion PLC (JD Sports) and JD Sprinter Holdings (JD Sprinter) for business combination in Iberia . Says MOU sets up key parameters for creation of an Iberian Sports Retail Group, that will have as shareholders JD Group, Sonae and the family shareholder of JD Sprinter with shareholdings of about 50 percent, 30 percent and 20 percent respectively .Says combined group will become the second largest Iberian sports retailer.  Full Article

Portugal retailer Sonae's Q4 sales up 8.8 pct
Wednesday, 18 Jan 2017 01:47pm EST 

Portugal's largest retailer Sonae says in a statement: Total retail sales rose 8.8 percent in the fourth quarter from a year earlier to 1.45 billion euros ($1.55 billion). . Food retail sales increase 6.6 percent to 1.0 billion euros. . Specialized retail unit that encompasses electronics outlets Worten, sporting goods chain SportZone and others posted a 14.4 percent increase in fourth-quarter sales. . Total sales last year rose 7.2 percent to 5.2 billion euros. . "We have managed to increase 2016 sales by 5.6 percent and reinforce our leadership despite a fairly challenging market environment... These results are equally important for the coming quarters as they prove that we have the strategy and adequate resources to achieve our targets," Luis Moutinho, CEO of the food retail unit Sonae MC says in the statement. .Sonae fourth-quarter results due on March 16..  Full Article

Sonae buys 51 percent stake in Go Natural restaurants
Monday, 5 Dec 2016 02:13am EST 

Sonae SGPS SA : Said on Friday buys a 51 percent stake in Go Well, which operates 22 healthy food restaurants in Portugal under Go Natural brand .Go Well recorded in 2015 turnover of 6.4 million euros ($6.8 million).  Full Article

Sonae invests in two food retail stores in Mozambique
Thursday, 22 Sep 2016 05:48am EDT 

Sonae SGPS SA : Said on Wednesday buys two food retail stores in Mozambique in a partnership between Sonae MC and Satya Capital . The total investment amounts to $6 million, divided between Sonae MC and Satya Capital with a 30/70 ratio respectively .Satya is an independent investment firm focused on providing capital to investments in Africa.  Full Article

Sonae SGPS SA's Sonae RP completes sale and leaseback transaction worth 39.1 mln euros
Wednesday, 30 Mar 2016 09:59am EDT 

Sonae SGPS SA:Says that Sonae RP has completed sale and leaseback transaction of 4 food retail assets located in Portugal.Transaction totaled 39.1 million euros and is related to assets with an estimated net book value of 24.8 million euros.Says that transactions completed in 2016 amounted to 230.0 million euros, corresponded to assets with an estimated net book value of 155.9 million euros and were the result of sale and leaseback of 19 properties, 16 operated by Sonae MC in Portugal and 3 by Worten in Spain.Says these transactions resulted in a Sonae MC freehold of 53 percent.Says transactions are aligned with the company's strategy concerning monetization of its real estate assets.  Full Article

Sonae SGPS SA's Sonae RP completes sale and leaseback transaction worth 26.8 mln euros
Tuesday, 1 Mar 2016 01:44pm EST 

Sonae SGPS SA:Says that Sonae RP has completed the sale and leaseback transaction of 3 Worten stores in Spain, located in Madrid, Barcelona and Valencia.Transaction totalled 26.8 million euros and is related to assets with an estimated net book value of 17.1 million euros.Following this transaction, Sonae SR freehold decreased to 23 percent.Says transaction is aligned with company's strategy concerning the monetisation of its real estate assets.  Full Article

Sonae SGPS SA concludes sale and leaseback deal worth 164.0 million euros
Thursday, 25 Feb 2016 05:27pm EST 

Sonae SGPS SA:Says that it has successfully completed sale and leaseback transaction that totaled 164.0 million euros.Says transaction was previously disclosed to the market on Feb. 1 and related to 12 food retail assets located in Portugal, with estimated net book value of 114.4 million euros.  Full Article

Sonae SGPS SA completes 60 million euros bond issue
Thursday, 25 Feb 2016 02:30pm EST 

Sonae SGPS SA:Says it has completed bond issue by private placement, amounting to 60.0 million euros, unsecured, with maturity of 7 years.Says it has also acquired and amortized 100,000 bonds, issued on July 25, 2014 and amounting to 60.0 million euros.  Full Article

More From Around the Web

Portugal retailer Sonae's sales rise, profit slumps on one-offs

LISBON, May 18 Portugal's largest retailer, Sonae SGPS, posted on Wednesday a 6 percent increase in first-quarter sales and its profitability improved even as net profit fell a steep 72 percent after one-off capital gains a year ago.