Sonae

Portugal Rules Out Intervening To Curb Soaring Food Inflation

Portugal's economy minister has ruled out any government intervention to stem soaring food prices that are hitting households hard, seeing the market as th...

Portugal's Sonae Profit Buoyed By One-Off Gains Despite Retail Margin Squeeze

Sonae, owner of Portugal's largest food retailer, on Thursday reported a 21% jump in fourth-quarter net profit as one-off capital gains more than offset th...

Supermarkets Not To Blame For Inflation, Says Sonae CEO

The chief executive of Portuguese retailer Sonae, Cláudia Azevedo, has said that a "disinformation campaign" is painting supermarkets and...

Portugal's Finance Minister Says Cutting VAT On Food Not A Priority

Portugal has no intention of lowering the 6% value-added tax (VAT) levied on basic food products, but will continue to grant direct subsidies to help the m...

Top 10 Supermarket Retail Chains In Portugal

ESM looks at the top ten supermarket retail chains in Portugal.

Sonae's MC Arm Reports 16% Increase In Sales In Third Quarter

Portuguese conglomerate Sonae's MC business, which includes its supermarket and hypermarket operations, reported a 16% increase in sales in the third quart...

Portugal's Sonae Sees Net Profit Fall Due To Rising Energy And Transport Costs

Sonae, which owns Portugal's largest food retailer Continente, said that its third-quarter net profit fell 4.2%, despite a solid increase in sales, as reco...

Sonae’s MC Arm Reports H1 Turnover Growth Of 7.6%

Portuguese food retail group MC, part of Sonae SGPS, has reported turnover of €2.69 billion in the first half of its financial year, up 7.6% year-on-y...