Q1 2025 Sonae SGPS SA Earnings Call Transcript

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May 22, 2025

May 22, 2025 / 02:00PM GMT
Operator

Good afternoon. We welcome you to Sonae First Quarter 2025 Results Conference Call. During the presentation hosted by Mr. Joao Dolores, Sonae CFO, all the participants will be in listen only mode. Q&A is available after the presentation (Operator Instructions) I now hand over the call to Mr. Joe Dolores. Please go ahead, sir.

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

Thank you. Good afternoon, everyone. And thanks for joining our results presentation for the first quarter of 2025. Besides myself and the Investor Relations team, we have in the call with us Cristina Novais from Bright Pixel; Fernando Van Zeller from MC; Paul (inaudible) from Worten; and Miguel Moreira from Sierra. As usual, I will start by giving you an overview of the results of each of our main businesses, and I will start with MC. In grocery, Continental further reinforced its leadership position in a very competitive setting in Portugal. Like for like reached 5% with strong volumes growth across all grocery formats and despite

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