Sonae, SGPS, S.A. (0ML0)

Profile

https://www.sonae.pt

Sonae SGPS SA is a Portuguese multinational conglomerate headquartered in Maia, managing a diversified portfolio across retail, financial services, technology, shopping centers, telecommunications, and real estate. Founded in 1959, it has grown into Portugal's largest private employer with over 57,000 employees, operating in more than 90 countries and generating substantial revenue, such as €9.947 billion in consolidated turnover in 2024. Key subsidiaries include Sonae MC, the leading food retailer in Portugal with brands like Continente hypermarkets, Wells for health and wellness, and expansions into Iberia; Worten, an omnichannel electronics and appliances retailer; NOS, a major telecommunications provider where Sonae holds a 37.4% stake; and BrightPixel, focusing on tech investments in retail, telecom, and cybersecurity. Additional ventures cover fashion brands like MO and Zippy, financial services through Universo, and shopping centers via Sonae Sierra. Guided by core values of trust, innovation, ambition, and social responsibility under 'OUR WAY,' Sonae emphasizes sustainability, digital transformation, and market leadership, contributing significantly to economic and social value creation globally.