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First Half 2019 Results: Sales grow 5.7%

In the first six months of the year, all businesses recorded positive performance, reflected in sales and EBITDA growth.

Sales
8.9 B€
Profit
181 M€
EBITDA
471 M€
Investment
238 M€

Message from the Chairman and Chief Executive Officer

Pedro Soares dos Santos

In line with our strategy, consumer focus and sales growth remain the Group's top priorities, without compromising cost discipline and the emphasis on efficiency to ensure the competitiveness and profitability of our business models. These strategic options allowed us to deliver strong growth in the first half of the year in both sales and EBITDA.

I am pleased with the LFL sales performance of our brands in general and Ara in particular. For the remainder of 2019 our goal is to continue to outperform the markets where we operate. To guarantee this outperformance, we will continue reinforcing our operations and working to have the best commercial proposals in order to earn, more and more, the consumer’s recognition and preference.

Note: Performance analysis in this release is presented excluding IFRS16 impact.