Sonae reports 8.1% turnover growth in FY 2018

Source: sonae, Friday, Mar 22, 2019

Sonae’s turnover grew by 8.1% to EUR5,951 million in 2018, with growth across all business units. The company has improved its profitability, as underlying EBITDA grew 8.4% to EUR372 million. Net profit also increased by 33.7%, from EUR166 million to EUR222 million. Investment in 2018 rose to EUR702 million, which includes, capex related to maintaining and expanding retail businesses.