During thesecond quarter, Sonae witnessed significant achievements regarding the strategyimplementation for its businesses. We continued to grow in retail andtelecommunications segments, completed targeted acquisitions in Salsa and inthe technology area, proceeded with the recycling capital strategy andreinforced investment in new shopping centres.
Inoperational terms, results are globally positive, although reflecting distinctrealities in the different businesses. NOS and Sonae Sierra reported anothergood quarter, as well as Sonae MC, which ensured the strengthening of itsmarket leadership, while consolidating its position as the player with thelowest prices, within benchmark levels of profitability.
Worten also increasedits profitability and maintained a good turnover performance, in a seasonalweaker quarter in comparison with the previous year, due to the Easter effect.
Despite thehigh levels of investment recorded this semester, debt continued to declineyear on year, leading to the maintenance of an adequate level of financialstrength, which coupled with the increasing quality of our teams, allow us toface with optimism the challenges that our strategic ambition brings.
Co-CEO da Sonae