Portugal · Delayed Price · Currency is EUR Sonae, SGPS Earnings Call Transcripts
Fiscal Year 2025
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Strong 2025 performance with 14% revenue growth, 24% EBITDA increase, and 11% higher net results, driven by robust retail, portfolio optimization, and margin expansion. Continued deleveraging and a 5% dividend increase are expected for 2026.
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Turnover grew 8% year-on-year to EUR 2.9 billion in Q3, with strong EBITDA and net income growth driven by MC, Worten, and Musti. Portfolio optimization, new synergies, and deleveraging supported improved margins and NAV, while management expects continued positive trends into year-end.
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Consolidated turnover grew 24% year-on-year to €2.7 billion, with underlying EBITDA up 38% and net results group share rising 23%. Strong organic growth, portfolio expansion, and asset revaluations drove results, while cost pressures in some segments are being addressed.
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Consolidated turnover rose 22.7% to €2.6 billion, with EBITDA up 39% and net result group share up 77%. Margin improvements were driven by efficiency and integration of acquisitions, while deleveraging is now a priority. No major acquisitions are planned, with focus shifting to organic and bolt-on growth.
Fiscal Year 2024
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Record 2024 results driven by strong organic and M&A growth, with turnover up 18% and EBITDA surpassing EUR 1 billion. Key segments delivered robust performance, while the group maintained a solid balance sheet and increased dividends, despite competitive and macroeconomic pressures.
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H1 2024 saw €1B+ invested in new companies, driving 11% revenue growth and 14% EBITDA growth, with MC and Worten gaining market share. Musti faced macro headwinds but expects recovery, while Sierra and NOS delivered strong results. Net debt rose due to acquisitions.