Portuguese Retail Giant Sonae Posts 11% Profit Growth in Q1 2026, Achieves Record Quarterly Revenue
Sonae, the Portuguese retail conglomerate, reported strong Q1 2026 results with 47 million euros in profits (up 11% YoY) and record quarterly consolidated revenue of 2.7 billion euros. The company achieved improved profitability with EBITDA margins expanding from 9.8% to 10.4%, driven by growth across all retail operations and store expansion. Net debt decreased to 1.7 billion euros, reflecting strong cash flow generation and continued deleveraging.