Radar > 231111

Sonae Sierra registers 59% profit increase in first nine months of 2015

Sonae Sierra apresenta crecimento de 59% no resultado líquido nos primeiros nove meses de 2015

Intel ID : 231111
Synopsis

Portugal-based Sonae Sierra, a retail company that manages commercial centers based in Oporto, registered a net income of EUR 94m in the first nine months of 2015, which represents a 59% increase compared with the same period last year, as published by the company through a Relevant Fact on 3 November 2015.

Furthermore, the company's direct income was EUR 42.3m, equivalent to a 18% increase compared with the same period last year.


"The direct income growth is mainly due to operating results, services, and financial results improvement. This is a consequence of obtaining lower interest rates and the end of some financial instruments necessary to hedge interest rate risks "the company explained.
(content in portuguese)

A portuguesa Sonae Sierra, empresa com sede em Porto que se dedica à gestão de centros comerciais, registou um resultado líquido de EUR 94m nos primeiros nove meses de 2015, o que representa um aumento de 59% face ao mesmo período do ano de 2014, segundo publicou a própria empresa através de um Fato Relevante no dia 03 de novembro de 2015.

Paralelamente, o resultado direto foi de EUR 42,3m representando um aumento de 18% face ao mesmo período do ano anterior.

"O crescimento dos resultados diretos deve-se sobretudo à melhoria dos resultados operacionais, ao aumento da prestação de serviços, e ao progresso dos resultados financeiros. Este progresso resulta da obtenção de menores taxas de juro e ao fim de alguns instrumentos financeiros de cobertura de risco de taxa de juro", explicou a empresa em comunicado.

Relevant Documents

Target


Intel ID 231111
Value ND
Native Currency Euro (EUR)
Financial Data - Sonae Sierra
(31 Dec 2023)
Revenue: EUR 254,38m
EBITDA: EUR 141,61m
Net Debt: EUR 156,43m
People: 738
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Subsector (Old TTR Sectors)
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Intel Grade
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Target

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.01 Real Estate Development & Operating Companies
25 Financial Services / 25.03 Real Estate

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Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.