Sonae reported its accounts for 2021, with CEO, Claudia Azevedo, asserting that it was a “fantastic year”.

Net income attributable to shareholders was €268 million, compared to €71 million in 2020 – with Maxmat at MC and Bizdirect at Bright Pixel classified as held for sale, with all 2020 and 2021 periods restate to include discontinued operations.

The company led by Claudia Azevedo, in its report, indicates that last year’s profit exceeded the values ​​of 2020 and 2019.

The combined turnover amounted to 7,023 million euros, which is a record value and an increase of 5.3% compared to 2020.

These revenues were mainly supported by MC and Worten, who “again recorded very positive operating performance and consolidated their leadership positions,” the company notes.

“NOS and ISRG also posted strong performances, with a strong rebound over the past quarters,” he asserts.

“2021 has been a great year for Sonae. It was a year of significant progress under very challenging circumstances. Despite strong pandemic-related constraints and maintaining highly competitive environments, we have continued to enhance our market share across the entire portfolio. Dedication, ability to execute and innovation in The way we serve our customers, accelerating digitization across the group, and above all, working together with renewed energy and ambition”, emphasizes Claudia Azevedo.

The CEO says Sonae has continued to grow globally, “exceeding €7 billion in sales for the first time in our history, with total online sales exceeding €600 million”.

“We have achieved this level of growth while maintaining our strong performance in terms of profitability, with EBITDA increasing by 18% year-over-year, to more than 730 million,” stresses the CEO of the retailer that owns Continental.

“I am naturally proud of these results. But I am equally proud of the way we have kept our focus on the future. Collectively, we have invested more than 1 billion euros during the year to improve shop yards, revamp digital channels, prepare logistics facilities for the future, and ensure the best digital next generation networks And expanding our group of companies into new areas of growth.”

Claudia Azevedo notes that ” 2022 will not bring less uncertainty or less challenges than the past two years.” “But, more than ever, I am confident that we are ready for the future. We have very strong companies and leaders in their sectors, led by high quality teams. We also have a very stable financial position, which allows us to explore new and attractive opportunities. And our moral compass within the group will be key to creating a more sustainable future for future generations.”

Dividend offer at 0.0511 euros per share

“Taking into account the 2021 net results, and in accordance with Sonae’s dividend policy, the Board of Directors will propose to the annual general meeting of shareholders to pay a dividend of 5.11 cents per share, 5 14% over last year’s dividend,” the report and calculations indicate.

This distribution corresponds to a dividend yield of 5.1%, based on the closing price on December 31, 2021 (which was €1,003), and a payout ratio of 38% of consolidated direct income.

Last year, Sonae paid a total dividend per share of 4.86 cents. In total, it distributed 97 million euros to shareholders, which equates to a payout ratio of 137% of the profits received in 2020.