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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Nine Months 2023 Sonae - SGPS SA Earnings Call Transcript

Nov 16, 2023 / 03:00PM GMT
Release Date Price: €0.922 (+1.10%)
Operator

Good afternoon. We welcome you to Sonae's 9 Months 2023 Results Conference Call. (Operator Instructions) I now hand the conference over to Mr. Joao Dolores. Please go ahead, sir.

Joao Pedro Magalhaes da Silva Torres Dolores
Sonae, SGPS, S.A. - CFO & Executive Director

Hi, everyone. Good afternoon. Welcome to Sonae's results conference call for the first 9 months of 2023. Besides myself and the Investor Relations team, we have on the call, Cristina Novais from Bright Pixel; Fernando Van Zeller from MC; Luís Mota Duarte from Sierra; and Paulo Simões from Worten.

As you know, the third quarter of the year continued to be marked by a challenging macroeconomic environment and persistent geopolitical tensions. Nevertheless, the Portuguese economy continue to be quite resilient. The inflation rate remained high, although in a downward trend, both in the Eurozone and in Portugal.

Despite some financial pressure on companies and households, the labor market remains quite resilient with the unemployment rate decreasing even further and closing

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