Sonae Capital, SGPS, SA primarily engages in the resort, hotel, fitness, energy, refrigeration, heating, ventilation, and air conditioning businesses in Portugal and internationally. It operates through Troia Resort Operations, Hospitality, Fitness, Energy, Refrigeration & HVAC, Industrial Engineering, and Holding & Others segments.

Sonae Capital strategic purpose is to identify new business oppurtunities in segments with high growth potential, and provide them with resources to enable growth until they became self-sustainable with mechanisms for efficient capital allocation.

Through 2018, Sonae Capital continued to implement is corporate strategy by: (i) investing in the Business Units with value creation plans already approved and whose added value is already materialised in results; (ii) improving the competitive position and the profitability of the businesses still with unsatisfactory performance; and, (iii) identifying and materialising new business areas, which will foster growth. At the same time, Sonae continued to sell is portfolio of Real Estate assets, which has the purpose of financing the investment plan of our businesses and the options for future growth.