August 22, 2019 / 5:31 AM / a month ago

BRIEF-Sonae Q2 Underlying EBITDA Up At 140 Mln Euros YoY

Aug 22 (Reuters) - SONAE SGPS SA:

* SAID ON WEDNESDAY Q2 TURNOVER 1.53 BILLION EUROS VERSUS 1.35 BILLION EUROS YEAR AGO

* Q2 UNDERLYING EBITDA 140 MILLION EUROS VERSUS 105 MILLION EUROS YEAR AGO

* Q2 EBITDA 148 MILLION EUROS VERSUS 158 MILLION EUROS YEAR AGO

* Q2 NET PROFIT 20 MILLION EUROS VERSUS 63 MILLION EUROS YEAR AGO

* Q2 UNDERLYING EBITDA MARGIN 9.2% VERSUS 7.8% YEAR AGO

* SAYS RESTATED FIGURES DUE TO DISCONTINUED OPERATIONS NAMELY BERG FROM SONAE FASHION AND THE SALE OF SAPHETY IN SONAE IM, AS WELL AS DUE TO IFRS 16 ACCOUNTING STANDARD

Source text: bit.ly/2P7Z5Ai

Further company coverage: (Gdynia Newsroom)

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