Sonae SGPS Management

Management criteria checks 3/4

Sonae SGPS' CEO is Maria Claudia de Azevedo, appointed in Apr 2019, has a tenure of 5.42 years. total yearly compensation is €1.74M, comprised of 30.5% salary and 69.5% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth €969.07K. The average tenure of the management team and the board of directors is 8.2 years and 9.4 years respectively.

Key information

Maria Claudia de Azevedo

Chief executive officer

€1.7m

Total compensation

CEO salary percentage	30.5%
CEO tenure	5.4yrs
CEO ownership	0.05%
Management average tenure	8.2yrs
Board average tenure	9.4yrs

Recent management updates

Sonae, SGPS, S.A.'s (ELI:SON) CEO Will Probably Have Their Compensation Approved By Shareholders

Apr 22

Recent updates

Sonae, SGPS, S.A.'s (ELI:SON) CEO Will Probably Have Their Compensation Approved By Shareholders

Apr 22

Sonae, SGPS, S.A. (ELI:SON) Shares Could Be 25% Above Their Intrinsic Value Estimate

Apr 13

Sonae SGPS (ELI:SON) Takes On Some Risk With Its Use Of Debt

Mar 20

Is Now An Opportune Moment To Examine Sonae, SGPS, S.A. (ELI:SON)?

Jan 26

Sonae SGPS (ELI:SON) Has A Somewhat Strained Balance Sheet

Dec 09

What Does Sonae, SGPS, S.A.'s (ELI:SON) Share Price Indicate?

Oct 14

Sonae SGPS (ELI:SON) Has A Somewhat Strained Balance Sheet

Aug 30

Is It Too Late To Consider Buying Sonae, SGPS, S.A. (ELI:SON)?

Jun 25

Sonae SGPS (ELI:SON) Is Paying Out A Larger Dividend Than Last Year

May 03

Here's Why Sonae SGPS (ELI:SON) Has A Meaningful Debt Burden

Apr 28

We Think Sonae SGPS (ELI:SON) Is Taking Some Risk With Its Debt

Jan 26

Is It Too Late To Consider Buying Sonae, SGPS, S.A. (ELI:SON)?

Dec 02

Sonae SGPS (ELI:SON) Has A Somewhat Strained Balance Sheet

Oct 28

At €0.76, Is It Time To Put Sonae, SGPS, S.A. (ELI:SON) On Your Watch List?

Jul 20

A Look At The Fair Value Of Sonae, SGPS, S.A. (ELI:SON)

Jun 20

Tread With Caution Around Sonae, SGPS, S.A.'s (ELI:SON) 6.2% Dividend Yield

Apr 07

Sonae, SGPS, S.A. (ELI:SON) Just Released Its Annual Earnings: Here's What Analysts Think

Mar 21

Here's Why Sonae SGPS (ELI:SON) Has A Meaningful Debt Burden

Mar 02

Sonae SGPS' (ELI:SON) Stock Price Has Reduced 46% In The Past Three Years

Feb 12

A Look At The Intrinsic Value Of Sonae, SGPS, S.A. (ELI:SON)

Jan 27

At €0.66, Is It Time To Put Sonae, SGPS, S.A. (ELI:SON) On Your Watch List?

Dec 29

Does Sonae SGPS's (ELI:SON) Statutory Profit Adequately Reflect Its Underlying Profit?

Dec 12

Do Investors Have Good Reason To Be Wary Of Sonae, SGPS, S.A.'s (ELI:SON) 6.8% Dividend Yield?

Nov 28

CEO Compensation Analysis

How has Maria Claudia de Azevedo's remuneration changed compared to Sonae SGPS's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€372m
Mar 31 2024	n/a	n/a	€368m
Dec 31 2023	€2m	€530k	€370m
Sep 30 2023	n/a	n/a	€222m
Jun 30 2023	n/a	n/a	€246m
Mar 31 2023	n/a	n/a	€270m
Dec 31 2022	€2m	€515k	€290m
Sep 30 2022	n/a	n/a	€318m
Jun 30 2022	n/a	n/a	€286m
Mar 31 2022	n/a	n/a	€277m
Dec 31 2021	€2m	€506k	€233m
Sep 30 2021	n/a	n/a	€194m
Jun 30 2021	n/a	n/a	€207m
Mar 31 2021	n/a	n/a	€127m
Dec 31 2020	€1m	€494k	€67m
Sep 30 2020	n/a	n/a	€77m
Jun 30 2020	n/a	n/a	€40m
Mar 31 2020	n/a	n/a	€81m
Dec 31 2019	€870k	€284k	€153m

Compensation vs Market: Maria Claudia's total compensation ($USD1.94M) is above average for companies of similar size in the Portuguese market ($USD1.08M).

Compensation vs Earnings: Maria Claudia's compensation has been consistent with company performance over the past year.

CEO

Maria Claudia de Azevedo (54 yo)

5.4yrs

Tenure

€1,739,000

Compensation

Ms. Maria Claudia Teixeira de Azevedo is Chair of the Board of Musti Group Oyj from April 12, 2024. Ms. de Azevedo serves as the Chief Executive Officer of Software & Technology and Onine & Media at Sonaec...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Maria Claudia de Azevedo	CEO & Executive Director	5.4yrs	€1.74m	0.053% € 969.1k
Joao Pedro da Silva Torres Dolores	CFO & Executive Director	5.4yrs	€1.22m	0.0082% € 150.6k
Joao Nonell Amaral	Chief Development Officer & Head of Human Resources and Director	no data	€812.30k	no data
Ricardo da Rocha	Head of Investor Relations	no data	no data	no data
Célia da Conceição Azevedo das Sá Miranda	Head of General Counsel & Corporate Governance and Company Secretary	1.7yrs	no data	no data
Luis Miguel Mesquita Moutinho	CEO of Sonae MC	14.7yrs	no data	no data
Fernando María Guedes Antunes de Oliveira	CEO of Sonae Sierra	no data	no data	no data
Miguel Freitas	Chief Executive Officer of Worten	9.7yrs	no data	no data
Miguel Nuno Almeida	Chief Executive Officer of NOS	10.9yrs	no data	no data
David Graham Bain	Board & Corporate Governance Officer	no data	no data	no data
Eduardo Piedade	Chief Executive Officer of BrightPixel Sonoe	6.7yrs	no data	no data
Luis Reis	CEO of Universo Sonoe & Zeitreel Sonoe	11.7yrs	no data	no data

8.2yrs

Average Tenure

55yo

Average Age

Experienced Management: SON's management team is seasoned and experienced (8.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Maria Claudia de Azevedo	CEO & Executive Director	5.3yrs	€1.74m	0.053% € 969.1k
Joao Pedro da Silva Torres Dolores	CFO & Executive Director	5.3yrs	€1.22m	0.0082% € 150.6k
Joao Nonell Amaral	Chief Development Officer & Head of Human Resources and Director	1.3yrs	€812.30k	no data
Luis Miguel Mesquita Moutinho	CEO of Sonae MC	no data	no data	no data
José Manuel Tromdade Adelino	Lead Non-Executive Director	17.7yrs	€84.17k	no data
Angelo Gabriel dos Santos Pauperio	Non-Executive Director	24.7yrs	€94.97k	0.19% € 3.5m
Duarte Paulo de Azevedo	Non-Executive Chairman	24.7yrs	€374.87k	0.068% € 1.3m
Marcelo de Lima	Independent Non-Executive Director	9.4yrs	€64.70k	no data
José Manuel Fortunato	Director	no data	no data	no data
Maria José Martins da Fonseca	Chair of Statutory Audit Board	9.4yrs	no data	no data
Maria Clemares Sempere	Independent Non-Executive Director	5.4yrs	€71.83k	no data
Álvaro José do Nascimento	Director	no data	no data	no data

9.4yrs

Average Tenure

59yo

Average Age

Experienced Board: SON's board of directors are considered experienced (9.4 years average tenure).

Sonae SGPS Management

Management criteria checks 3/4

Key information

Recent management updates

Sonae, SGPS, S.A.'s (ELI:SON) CEO Will Probably Have Their Compensation Approved By Shareholders

Sonae, SGPS, S.A., Annual General Meeting, Apr 28, 2023

Recent updates

New major risk - Financial position

Second quarter 2024 earnings released

Consensus EPS estimates fall by 13%, revenue upgraded

New major risk - Financial position

First quarter 2024 earnings released: EPS: €0.013 (vs €0.015 in 1Q 2023)

Sonae SGPS (ELI:SON) Is Increasing Its Dividend To €0.0564

Dividend increased to €0.056

Solid Earnings Reflect Sonae SGPS' (ELI:SON) Strength As A Business

Full year 2023 earnings released

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg completed the acquisition of 80.58% stake in Musti Group Oyj (HLSE : MUSTI).

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg completed the acquisition of a remaining 95.8% stake in Musti Group Oyj.

Sonae, SGPS, S.A. to Report First Half, 2024 Results on Jul 30, 2024

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg entered into an agreement for tender offer to acquire remaining 95.8% stake in Musti Group Oyj (HLSE : MUSTI) for approximately €870 million.

Third quarter 2023 earnings released

Are Investors Undervaluing Sonae, SGPS, S.A. (ELI:SON) By 48%?

Consensus EPS estimates fall by 11%

What Does Sonae, SGPS, S.A.'s (ELI:SON) Share Price Indicate?

New minor risk - Earnings quality

Second quarter 2023 earnings released

Consensus EPS estimates increase by 20%

Sonae SGPS (ELI:SON) Takes On Some Risk With Its Use Of Debt

Now 20% undervalued after recent price drop

Is It Too Late To Consider Buying Sonae, SGPS, S.A. (ELI:SON)?

Consensus EPS estimates increase by 18%

First quarter 2023 earnings released: EPS: €0.014 (vs €0.023 in 1Q 2022)

Consensus EPS estimates increase by 30%

Sonae SGPS (ELI:SON) Is Increasing Its Dividend To €0.0537

Upcoming dividend of €0.054 per share at 5.3% yield

Sonae, SGPS, S.A.'s (ELI:SON) CEO Will Probably Have Their Compensation Approved By Shareholders

Sonae, SGPS, S.A. (ELI:SON) Shares Could Be 25% Above Their Intrinsic Value Estimate

Sonae SGPS (ELI:SON) Takes On Some Risk With Its Use Of Debt

Full year 2022 earnings released

Is Now An Opportune Moment To Examine Sonae, SGPS, S.A. (ELI:SON)?

Consensus EPS estimates increase by 14%, revenue downgraded

Sonae, SGPS, S.A., Annual General Meeting, Apr 28, 2023

Sonae, SGPS, S.A. to Report Fiscal Year 2022 Results on Mar 16, 2023

Sonae SGPS (ELI:SON) Has A Somewhat Strained Balance Sheet

Consensus forecasts updated

What Does Sonae, SGPS, S.A.'s (ELI:SON) Share Price Indicate?

Sonae SGPS (ELI:SON) Has A Somewhat Strained Balance Sheet

Sonae, SGPS, S.A. to Report Nine Months, 2022 Results on Nov 09, 2022

Second quarter 2022 earnings released

Is It Too Late To Consider Buying Sonae, SGPS, S.A. (ELI:SON)?

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Upcoming dividend of €0.051 per share

Sonae SGPS (ELI:SON) Is Paying Out A Larger Dividend Than Last Year

Here's Why Sonae SGPS (ELI:SON) Has A Meaningful Debt Burden

Full year 2021 earnings: EPS and revenues miss analyst expectations

We Think Sonae SGPS (ELI:SON) Is Taking Some Risk With Its Debt

Ardonagh Global Partners agreed to acquire MDS Group from IPLF Holding S.A. and Sonae, SGPS, S.A. (ENXTLS:SON).

Third quarter 2021 earnings: EPS and revenues exceed analyst expectations

Is It Too Late To Consider Buying Sonae, SGPS, S.A. (ELI:SON)?

Price target increased to €1.32

Sonae SGPS (ELI:SON) Has A Somewhat Strained Balance Sheet

Camoens Investments S. á r. l completed the acquisition of 25% stake in SONAE MC, SGPS, S.A. from Sonae, SGPS, S.A. (ENXTLS:SON).

At €0.76, Is It Time To Put Sonae, SGPS, S.A. (ELI:SON) On Your Watch List?

Sonae, SGPS Maia Reg Shares to be Deleted from Other OTC

A Look At The Fair Value Of Sonae, SGPS, S.A. (ELI:SON)

Price target increased to €1.22

First quarter 2021 earnings released

Price target increased to €1.21

Price target increased to €1.18

Upcoming dividend of €0.049 per share

Consensus EPS estimates increase to €0.046

Tread With Caution Around Sonae, SGPS, S.A.'s (ELI:SON) 6.2% Dividend Yield

Sonae, SGPS, S.A. (ELI:SON) Just Released Its Annual Earnings: Here's What Analysts Think

Full year 2020 earnings released

New 90-day high: €0.72

Sonae, SGPS, S.A. (ENXTLS:SON) acquired 10% stake in Sonae Sierra, S.G.P.S., S.A. from Grosvenor Group Limited.

Sonae, SGPS, S.A. to Report Fiscal Year 2020 Results on Mar 18, 2021

Here's Why Sonae SGPS (ELI:SON) Has A Meaningful Debt Burden