According to information released by the company, in the third quarter of this year, turnover increased by 8% compared to the previous year, to 2.9 billion euros, driven by the performance of MC, “with double-digit growth in the food and health, well-being and beauty segments”, by Worten and Musti, “benefiting from a robust performance in the Nordics”.
Sonae’s consolidated EBITDA (earnings before taxes, interest, depreciation and amortization) reached 861 million euros by September, an increase of 22% compared to the previous year, and 336 million euros in the third quarter, growing 13% year-on-year, he highlighted.
Sonae also announced that its consolidated investment reached 601 million euros in the last 12 months, “with emphasis on the focus on organic business expansion, particularly in retail in the different markets in which Sonae is present, as well as in important movements in the international portfolio”.