Sonae Sierra adopted the International Accounting Standards (IAS) in its Consolidated Accounts in 2001, becoming the first real estate company in Iberia to adopt IAS.

In 2008 the Company´s consolidated net profit rose to € -198.2 million. The Net Asset Value (NAV) of the company's properties decreased to € 1.416 million, 17% less than in 2007.

Sonae Sierra´s NOI grew to € 179.3 million in 2008, an increase of 13%, compared to € 156.2 million in 2007.

Sonae Sierra has more than 2.1 million m2 of GLA under management with over 8.455 tenant contracts. In 2009, our Shopping Centres had more than 436 million visits.