Sonae SGPS SA (STU:YSON)
€ 0.862 -0.016 (-1.82%) Market Cap: 1.75 Bil Enterprise Value: 5.86 Bil PE Ratio: 4.84 PB Ratio: 0.60 GF Score: 88/100
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Q1 2020 Sonae SGPS SA Earnings Call Transcript

May 21, 2020 / 02:00PM GMT
Release Date Price: €0.6515 (+2.20%)
Operator

Ladies and gentlemen, welcome to Sonae's First Quarter 2020 Results Conference Call. During the introduction hosted by Mr. João Dolores, Sonae's CFO (Operator Instructions)

I will now hand the conference over to Mr. João Dolores, please go ahead, sir.

JoÃ;o Pedro Magalhaes Da Silva Torres Dolores
Sonae, SGPS, S.A. - CFO & Executive Director

£ -

Thank you. Hi, everyone. Welcome and thank you for joining our Q1 results conference call. I sincerely hope everyone is keeping safe and healthy at this stage. Together with me on the call today, I have Rui Almeida from Sonae MC; Paulo Simões from Worten; Miguel Moreira from Sonae Fashion; Luís Mota Duarte from Sonae Sierra; and Cristina Novais from Sonae Investment Management; as well as our Investor Relations team.

As you know, we are living under the impact of the COVID-19 pandemic and Sonae's Q1 results were already affected by this. In fact, Q1 was marked by 2 different moments: at the start of the year, pretty much up to the beginning of March, with a very positive

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