Connect with us

Technology

Sonae reports record €10 billion in sales for 2024, reinforcing global market position

Published

on

PORTO, Portugal, March 24, 2025 /PRNewswire/ — Sonae (Euronext Lisbon: SON), the Portuguese-headquartered multinational group with leading market positions across key sectors, announced record financial results for the full year 2024. The group’s revenue increased by 18%, reaching €9.95 billion, driven by strengthened market leadership in retail, sustained organic growth, and strategic acquisitions.

EBITDA also grew substantially, surpassing €1 billion, while net profit attributable to shareholders rose by 18% to €223 million on a comparable basis. The group’s investments reached a historic €1.589 billion — more than double the previous year — supporting both strategic acquisitions and organic expansion.

“2024 was a fantastic year for Sonae, and I am fully convinced that we have the foundations to achieve even greater success in the future” said Cláudia Azevedo, CEO of Sonae. “Expanding our portfolio and strengthening our core businesses led to reach two important milestones: group sales reached ca.€10bn, increasing by 18% year-over-year, and EBITDA surpassed €1bn. Investments were strategically managed to support value creation opportunities, including enhancing our digital capabilities, expanding our businesses, and executing key portfolio moves,” concluded Cláudia Azevedo.

Sonae continues to demonstrate solid progress in its commitment to sustainable growth and long-term value creation. In 2024, 86% of the group’s long-term financing lines were indexed to sustainable, green, or ESG performance criteria. Operational CO2 emissions were reduced by 19% compared to 2022, and recyclable plastic packaging for private label products reached 90%.

Community support also increased, with €34 million invested in initiatives focused on food donations and education. Diversity remains a priority, with women now occupying 41% of leadership positions. Additionally, Sonae has proposed a dividend of 5.921 euro cents per share, reflecting a 6.5% dividend yield and a payout ratio of 52% of consolidated net income attributable to the group.

The Sonae group comprises:

The leading food retail chain in Portugal, with more than 1,000 stores and 4.5 million active loyalty card members.

The Iberian Peninsula’s largest health, wellness, and beauty retail operator, with over 800 stores and annual revenues of €1.5 billion.

Portugal’s leading electronics retailer, expanding its European footprint through its growing technology repair services network.

An international real estate specialist, co-controlling Latin America’s largest shopping centre operator.

Portugal’s second-largest telecommunications provider, leading the country’s 5G deployment.

An active technology investor, with a high-tech portfolio valued at €323 million.

Listed on Euronext Lisbon, Sonae employs more than 57,000 people and has a six-decade legacy of responsible growth recognised by its inclusion in the S&P Global Sustainability Yearbook, its strong CDP ratings, and its listing in the Bloomberg Gender-Equality Index. Its mission remains to create long-term economic and social value, bringing the benefits of progress and innovation to an ever-increasing number of people.

Find out more at www.sonae.pt

Logo – https://mma.prnewswire.com/media/2647738/SONAE_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sonae-reports-record-10-billion-in-sales-for-2024-reinforcing-global-market-position-302408586.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

The Pause Technologies Completes Participation in 2025 Mayo Clinic and ASU MedTech Accelerator

Published

on

By

SCOTTSDALE, Ariz., April 2, 2025 /PRNewswire/ — The Pause Technologies, a real-time AI platform dedicated to menopause support, announces the successful completion of the Mayo Clinic and Arizona State University MedTech Accelerator. Out of a global pool of applicants, only ten companies were selected for the 2025 cohort. The Pause Technologies was the only female-founded company included in this year’s cohort.

Founded with a singular mission to redefine menopause through personalized, evidence-based AI, The Pause Technologies is addressing a market often ignored by mainstream health innovation. Its proprietary platform, thePause™, delivers 24/7 real-time symptom support, biometric feedback integration, and clinical-grade insights—transforming how women navigate perimenopause and menopause.

The Mayo Clinic and ASU MedTech Accelerator is one of the most selective programs globally for early-stage medical technology companies. Participants gain unparalleled access to clinical, academic, and commercial expertise to refine their solutions for real-world impact.

“The current healthcare system is reactive and often excludes women’s midlife health experiences entirely. Oprah‘s recent special on menopause has amplified what millions of women already know—that their symptoms are real, their experiences are valid, and their needs have been ignored for far too long,” said Susan Sly, CEO and Founder of The Pause Technologies. “Completing this accelerator validates our mission to deliver intelligent, real-time support to women in menopause. Being the only female-founded company in this cohort underscores exactly why we are here—to build what no one else has built, for women who have waited long enough.”

According to Forbes, more than one billion women are expected to be in menopause globally by 2030, the demand for innovation in this space is rising. thePause™ is built to meet this moment with real-time, adaptive support that empowers women to better understand and manage their health.

“Menopause is still surrounded by stigma, misinformation, and a lack of proactive care,” said Dr. Mia Chorney, Chief Medical Officer and Co-founder of The Pause Technologies. “Through this program, we were able to deepen our clinical validation, pressure-test our architecture with leading minds, and accelerate our strategy to bring better outcomes to more women. Our vision is a world where menopause is not a burden, but a phase of life supported by intelligent, empathetic technology.”

The Pause Technologies is actively scaling partnerships with enterprise healthcare systems, wellness providers, and clinical researchers to expand access and impact.

To learn more about The Pause Technologies and its real-time AI platform for menopause, visit www.thepause.ai.

Media Contact:
Diana Frerick
Director of Strategic Communications
The Pause Technologies
marketing@thepause.ai

About The Pause Technologies:
The Pause Technologies is leading the next frontier of women’s health with a proprietary AI platform designed to support women through perimenopause and menopause. Founded by award-winning AI entrepreneur Susan Sly, thePause™ provides intelligent, personalized, real-time support to help women navigate hormonal change with clarity and control. Headquartered in Scottsdale, Arizona, thePause™ is a woman-founded, science-backed, mission-driven company.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-pause-technologies-completes-participation-in-2025-mayo-clinic-and-asu-medtech-accelerator-302419240.html

SOURCE The Pause Technologies

Continue Reading

Technology

Terra Drone Signs MOU with Aramco to Drive Innovation and Localization in Drone Technology

Published

on

By

TOKYO, April 2, 2025 /PRNewswire/ — Terra Drone Corporation (“Terra Drone“), the world’s No.1 Drone Service Provider for 2024, has signed a Memorandum of Understanding (MOU) with Aramco, a leading integrated energy and chemicals company in Saudi Arabia. This strategic partnership aims to drive innovation in drones, robotics, and AI-driven solutions for the oil and gas sector while supporting localization efforts.

The MOU aims to enhance collaboration between Terra Drone and Aramco to advance drone technologies for improved safety and efficiency in the energy sector. It serves as a platform for innovation in R&D, technology piloting, training, and localization, aligning with the shared vision of both organizations to develop solutions and local capabilities that support Saudi Arabia’s economic goals.

The MOU was signed by Toru Tokushige, Founder & CEO of Terra Drone Corporation, and Khalid Y. Alqahtani, Aramco’s Senior Vice President of Engineering Services.

In 2023, Terra Drone received funding from Wa’ed Ventures to localize advanced drone technologies. Following this investment, Terra Drone established Terra Drone Arabia, its Saudi Arabian branch, focusing on three strategic objectives: localizing its services in the short term, developing R&D and production facilities in the long term, and supporting job creation for skilled Saudis.

Toru Tokushige, Founder & CEO of Terra Drone Corporation, stated:

“This MOU reflects our commitment to driving innovation and supporting localization in line with Aramco’s vision. Through Terra Drone Arabia, we aim to introduce cutting-edge drone technologies that enhance safety, efficiency, and workforce development.”

The MOU strengthens the partnership between Terra Drone and Aramco, enabling the deployment of innovative drone solutions to address energy sector challenges. Terra Drone leverages its expertise and local presence to support Aramco’s operations and Saudi Arabia’s technological and economic progress. This collaboration aligns with Terra Drone’s commitment to localization, talent development, and fostering a competitive drone industry, contributing to the Kingdom’s economic diversification goals.

Terra Drone
Terra Drone is the No.1 Drone Service Provider in the world for 2024 and was listed on the Tokyo Stock Exchange Growth Market (Stock Code: 278A) on November 29 of the same year. Website: https://terra-drone.net/global/

Terra Drone Arabia
Terra Drone Arabia is a group company of Terra Drone. It provides drone solutions including surveying, bathymetry, and data processing to the Middle East and Africa. Website: https://terra-drone.com.sa/

View original content to download multimedia:https://www.prnewswire.com/news-releases/terra-drone-signs-mou-with-aramco-to-drive-innovation-and-localization-in-drone-technology-302419203.html

SOURCE Terra Drone Corporation

Continue Reading

Technology

Gevme Appoints Michael Mazza as Chief Growth Officer to Accelerate Global Expansion

Published

on

By

SINGAPORE, April 3, 2025 /PRNewswire/ — Gevme, a leading event technology platform, today announced the appointment of Michael Mazza as Chief Growth Officer. This strategic hire reinforces Gevme’s commitment to accelerating its expansion across Asia-Pacific and strengthening its global footprint.

With over 25 years of entrepreneurial experience spanning fintech, technology, and business development, Mazza brings a wealth of expertise in scaling businesses across emerging markets. In his new role, he will spearhead Gevme’s growth initiatives, with an initial focus on deepening the company’s presence in the APAC region before expanding efforts in Europe and North America.

“Michael’s proven track record in building strategic partnerships and driving business expansion across diverse markets makes him the ideal leader to accelerate our growth trajectory,” said Daniel Tjan, Managing Director at Gevme. “His entrepreneurial mindset and deep understanding of the Asia-Pacific region will be invaluable as we strengthen our position as the premier event technology platform globally.”

Prior to joining Gevme, Mazza served as a Partner at Aguamazza, where he forged strategic alliances with promising startups across India, Asia, Africa, and the Middle East. His extensive experience includes board positions at multiple technology companies, including Railpays and Omenetech, where he contributed to the development of innovative digital banking and payment solutions. Mazza also served as Senior Business Development Manager for Global Processing Services (GPS), where he expanded the company’s presence and partnerships throughout the Asia-Pacific region.

“I’m thrilled to join Gevme at such a pivotal moment in its growth journey,” said Mazza. “The events industry continues to evolve rapidly, and Gevme is uniquely positioned to lead this transformation with its innovative technology solutions. I look forward to leveraging my experience to drive strategic growth initiatives and forge powerful partnerships that will expand our reach across APAC and beyond.”

Mazza’s appointment comes as Gevme continues to invest in enhancing its platform capabilities and expanding its market presence. The company has seen significant growth in recent years, establishing itself as a trusted partner for organizations seeking to create impactful event experiences.

About Gevme

Gevme is a leading event technology platform that empowers organizations to create, manage, and optimize exceptional event experiences. With a comprehensive suite of tools and solutions, Gevme enables businesses to seamlessly execute virtual, hybrid, and in-person events that drive meaningful engagement and measurable results.Trusted by leading brands and organizations worldwide, Gevme continues to innovate at the forefront of the event technology landscape.

View original content:https://www.prnewswire.com/apac/news-releases/gevme-appoints-michael-mazza-as-chief-growth-officer-to-accelerate-global-expansion-302419132.html

SOURCE Gevme

Continue Reading

Trending