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Luís Moutinho

Sonae MC’s performance in food retail in 2016

19 January 2017

I am particularlypleased with 2016 results. We were able to increase turnover by 5.6% and toreinforce our leadership despite the very tough market environment.

This growth wasdriven by a LfL sales increase of 1.9%, at the same time that we kept bettingin the expansion of our Continente Bom Dia urban stores, and the continuedimprovement of our value proposition and price perception.

These results arealso important for the upcoming quarters, as they demonstrate that we have theright strategy and the right resources to reach our objectives.

CEO Sonae MC

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