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 2024 Sonae SGPS SA Earnings Call Transcript

May 22, 2024 / 06:30AM GMT
Release Date Price: €0.881 (-0.90%)
Operator

Good morning. We welcome you to Sonae's first-quarter 2024 results conference call. During the presentation hosted by Mr. João Dolores, Sonae's, CFO. (Operator Instructions)

I now hand the call over to Mr. João Dolores. Please go ahead sir.

Joao Pedro Magalhaes da Silva Torres Dolores
Sonae SGPS SA - Chief Financial Officer, Executive Director

Good morning. Hello, everyone, welcome to Sonae's results conference call for the first quarter of 2024. 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, Worten.

I would like to start by giving you a quick note on our portfolio as we have made important moves this year. The first quarter of '24 was marked by the integration of Musti into our portfolio following the successful public tender offer launched in November of '23. In March, the consortium led by Sonae reached just over 80% of most of its share capital with a total investment of roughly EUR700 million.

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