<?xml version="1.0" encoding="UTF-8"?>
<!-- Generated by Fujitsu Interstage XWand B0250 -->
<?officialURI http://www.esma.europa.eu/taxonomy/2020-03-16/esef_all-cal.xml?>

<?taxonomy-version 1.0.0?>

<?taxonomy-date 2020-03-16?>

<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:Sonae="https://www.sonae.pt" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink">
  <link:roleRef roleURI="https://www.sonae.pt/role/210000" xlink:type="simple" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#R210000"/>
  <link:roleRef roleURI="https://www.sonae.pt/role/310000" xlink:type="simple" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#R310000"/>
  <link:roleRef roleURI="https://www.sonae.pt/role/420000" xlink:type="simple" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#R420000"/>
  <link:roleRef roleURI="https://www.sonae.pt/role/510000" xlink:type="simple" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#R510000"/>
  <link:roleRef roleURI="https://www.sonae.pt/role/610000" xlink:type="simple" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#R610000"/>
  <link:calculationLink xlink:type="extended" xlink:role="https://www.sonae.pt/role/210000">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_14"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" xlink:label="loc_13"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_14" xlink:to="loc_13" order="10.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="loc_15"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_13" xlink:to="loc_15" order="10.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_15" xlink:to="ifrs-full_IssuedCapital" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasuryShares" xlink:label="ifrs-full_TreasuryShares" xlink:title="TreasuryShares"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_15" xlink:to="ifrs-full_TreasuryShares" order="2.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatutoryReserve" xlink:label="ifrs-full_StatutoryReserve"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_15" xlink:to="ifrs-full_StatutoryReserve" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_ReservesAndRetainedEarnings" xlink:label="Sonae_ReservesAndRetainedEarnings"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_15" xlink:to="Sonae_ReservesAndRetainedEarnings" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_RetainedEarningsProfitLossForReportingPeriod" xlink:label="Sonae_RetainedEarningsProfitLossforReportingPeriod"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_15" xlink:to="Sonae_RetainedEarningsProfitLossforReportingPeriod" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests" xlink:label="loc_27"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_13" xlink:to="loc_27" order="20.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_14" xlink:to="ifrs-full_Liabilities" order="23.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="loc_Noncurrentborrowings"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_Liabilities" xlink:to="loc_Noncurrentborrowings" order="1.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived" xlink:label="ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Noncurrentborrowings" xlink:to="ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued" xlink:label="ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Noncurrentborrowings" xlink:to="ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentPortionOfOtherNoncurrentBorrowings" xlink:label="ifrs-full_NoncurrentPortionOfOtherNoncurrentBorrowings"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Noncurrentborrowings" xlink:to="ifrs-full_NoncurrentPortionOfOtherNoncurrentBorrowings" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLeaseLiabilities" xlink:label="ifrs-full_NoncurrentLeaseLiabilities" xlink:title="NoncurrentLeaseLiabilities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Noncurrentborrowings" xlink:to="ifrs-full_NoncurrentLeaseLiabilities" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="ifrs-full_OtherNoncurrentLiabilities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Noncurrentborrowings" xlink:to="ifrs-full_OtherNoncurrentLiabilities" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Noncurrentborrowings" xlink:to="ifrs-full_DeferredTaxLiabilities" order="6.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherLongtermProvisions" xlink:label="ifrs-full_OtherLongtermProvisions"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Noncurrentborrowings" xlink:to="ifrs-full_OtherLongtermProvisions" order="7.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:title="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_Liabilities" xlink:to="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:title="calculation: Liabilities to CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLoansReceivedAndCurrentPortionOfNoncurrentLoansReceived" xlink:label="CurrentLoansReceivedAndCurrentPortionOfNoncurrentLoansReceived"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="CurrentLoansReceivedAndCurrentPortionOfNoncurrentLoansReceived" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to CurrentLoansReceivedAndCurrentPortionOfNoncurrentLoansReceived" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued" xlink:label="CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherLoansCurrent" xlink:label="OtherLoansCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="OtherLoansCurrent" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to OtherLoansCurrent" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLeaseLiabilities" xlink:label="CurrentLeaseLiabilities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="CurrentLeaseLiabilities" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to CurrentLeaseLiabilities" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:label="TradeAndOtherPayablesToTradeSuppliers"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="TradeAndOtherPayablesToTradeSuppliers" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to TradeAndOtherPayablesToTradeSuppliers" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentPayables" xlink:label="OtherCurrentPayables"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="OtherCurrentPayables" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to OtherCurrentPayables" order="6.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="CurrentTaxLiabilitiesCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="CurrentTaxLiabilitiesCurrent" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to CurrentTaxLiabilitiesCurrent" order="7.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:label="CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" order="8.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="OtherCurrentLiabilities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="OtherCurrentLiabilities" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to OtherCurrentLiabilities" order="9.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherShorttermProvisions" xlink:label="OtherShorttermProvisions"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="OtherShorttermProvisions" xlink:title="calculation: CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale to OtherShorttermProvisions" order="10.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" xlink:label="loc_8"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="loc_7"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_8" xlink:to="loc_7" order="10.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_PropertyPlantAndEquipment" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RightofuseAssets" xlink:label="ifrs-full_RightofuseAssets" xlink:title="RightofuseAssets"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_RightofuseAssets" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentProperty" xlink:label="ifrs-full_InvestmentProperty"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_InvestmentProperty" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill" xlink:label="ifrs-full_Goodwill"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_Goodwill" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_InvestmentAccountedForUsingEquityMethod" order="6.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" order="8.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherInvestments" xlink:label="Sonae_OtherInvestments"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="Sonae_OtherInvestments" order="9.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_DeferredTaxAssets" order="10.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentAssets" xlink:label="ifrs-full_OtherNoncurrentAssets"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="ifrs-full_OtherNoncurrentAssets" order="11.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_NonCurrentFinancialAssetsAtFairValueThroughProfitLoss" xlink:label="Sonae_NoncurrentFinancialAssetsAtFairValueThroughProfitLoss"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_7" xlink:to="Sonae_NoncurrentFinancialAssetsAtFairValueThroughProfitLoss" order="7.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_8" xlink:to="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" order="30.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:title="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_8" xlink:to="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:title="calculation: Assets to CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" order="20.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Inventories" xlink:label="Inventories"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="Inventories" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to Inventories" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="CurrentTradeReceivables"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="CurrentTradeReceivables" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to CurrentTradeReceivables" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="OtherCurrentReceivables"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="OtherCurrentReceivables" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to OtherCurrentReceivables" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="CurrentTaxAssetsCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="CurrentTaxAssetsCurrent" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to CurrentTaxAssetsCurrent" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:label="CurrentReceivablesFromTaxesOtherThanIncomeTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to CurrentReceivablesFromTaxesOtherThanIncomeTax" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentAssets" xlink:label="OtherCurrentAssets"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="OtherCurrentAssets" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to OtherCurrentAssets" order="6.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentFinancialAssets" xlink:label="OtherCurrentFinancialAssets"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="OtherCurrentFinancialAssets" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to OtherCurrentFinancialAssets" order="7.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="CashAndCashEquivalents"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="CashAndCashEquivalents" xlink:title="calculation: CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners to CashAndCashEquivalents" order="8.0" weight="1.0"/>
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="https://www.sonae.pt/role/310000">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntity" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntity" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLossFromContinuingOperations" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLossFromContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations" order="2.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ProfitLossBeforeTax" xlink:title="ProfitLossBeforeTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLossFromContinuingOperations" xlink:to="ProfitLossBeforeTax" xlink:title="calculation: ProfitLossFromContinuingOperations to ProfitLossBeforeTax" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:label="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:title="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossBeforeTax" xlink:to="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:title="calculation: ProfitLossBeforeTax to ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" order="10.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromSaleOfGoods" xlink:label="RevenueFromSaleOfGoods"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="RevenueFromSaleOfGoods" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to RevenueFromSaleOfGoods" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromRenderingOfServices" xlink:label="RevenueFromRenderingOfServices"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="RevenueFromRenderingOfServices" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to RevenueFromRenderingOfServices" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:label="GainsLossesOnFairValueAdjustmentInvestmentProperty"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to GainsLossesOnFairValueAdjustmentInvestmentProperty" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:label="GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome" xlink:label="OtherIncome"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="OtherIncome" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to OtherIncome" order="7.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:label="CostOfInventoriesRecognisedAsExpenseDuringPeriod"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to CostOfInventoriesRecognisedAsExpenseDuringPeriod" order="8.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress" xlink:label="ChangesInInventoriesOfFinishedGoodsAndWorkInProgress"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="ChangesInInventoriesOfFinishedGoodsAndWorkInProgress" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to ChangesInInventoriesOfFinishedGoodsAndWorkInProgress" order="9.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ServicesExpense" xlink:label="ServicesExpense"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="ServicesExpense" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to ServicesExpense" order="10.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="EmployeeBenefitsExpense"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="EmployeeBenefitsExpense" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to EmployeeBenefitsExpense" order="11.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="DepreciationAndAmortisationExpense"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="DepreciationAndAmortisationExpense" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to DepreciationAndAmortisationExpense" order="12.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss" xlink:label="ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss" order="13.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_IncreaseDecreaseInOtherProvisions" xlink:label="IncreaseDecreaseInOtherProvisions"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="IncreaseDecreaseInOtherProvisions" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to IncreaseDecreaseInOtherProvisions" order="14.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherExpenseByNature" xlink:label="OtherExpenseByNature"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:to="OtherExpenseByNature" xlink:title="calculation: ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax to OtherExpenseByNature" order="16.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromDividends" xlink:label="RevenueFromDividends" xlink:title="RevenueFromDividends"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossBeforeTax" xlink:to="RevenueFromDividends" xlink:title="calculation: ProfitLossBeforeTax to RevenueFromDividends" order="11.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_GainsOrLossesFromAssociatesAndJointVentures" xlink:label="GainsOrLossesFromAssociatesAndJointVentures"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossBeforeTax" xlink:to="GainsOrLossesFromAssociatesAndJointVentures" xlink:title="calculation: ProfitLossBeforeTax to GainsOrLossesFromAssociatesAndJointVentures" order="12.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncome" xlink:label="FinanceIncome"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossBeforeTax" xlink:to="FinanceIncome" xlink:title="calculation: ProfitLossBeforeTax to FinanceIncome" order="13.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceCosts" xlink:label="FinanceCosts"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossBeforeTax" xlink:to="FinanceCosts" xlink:title="calculation: ProfitLossBeforeTax to FinanceCosts" order="14.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperations" order="2.0" weight="1.0"/>
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="https://www.sonae.pt/role/420000">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_2"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="loc_1"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_2" xlink:to="loc_1" order="10.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="loc_4"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_2" xlink:to="loc_4" order="20.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:label="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_4" xlink:to="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" order="4.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherComprehensiveIncomeOther" xlink:label="Sonae_OtherComprehensiveIncomeOther"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:to="Sonae_OtherComprehensiveIncomeOther" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation" xlink:label="Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:to="Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:title="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_4" xlink:to="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:title="calculation: OtherComprehensiveIncome to OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:label="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:title="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:title="calculation: OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax to IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" order="2.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:title="OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:title="calculation: OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax to OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherComprehensiveIncomeThatWasReclassifiedToProfitOrLossBeforeTax" xlink:label="OtherComprehensiveIncomeThatWasReclassifiedToProfitOrLossBeforeTax" xlink:title="OtherComprehensiveIncomeThatWasReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_4" xlink:to="OtherComprehensiveIncomeThatWasReclassifiedToProfitOrLossBeforeTax" xlink:title="calculation: OtherComprehensiveIncome to OtherComprehensiveIncomeThatWasReclassifiedToProfitOrLossBeforeTax" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_GainsLossesOnExchangeDifferencesOnTranslationBeforeTaxFromDiscontinuedOperations" xlink:label="GainsLossesOnExchangeDifferencesOnTranslationBeforeTaxFromDiscontinuedOperations"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="OtherComprehensiveIncomeThatWasReclassifiedToProfitOrLossBeforeTax" xlink:to="GainsLossesOnExchangeDifferencesOnTranslationBeforeTaxFromDiscontinuedOperations" xlink:title="calculation: OtherComprehensiveIncomeThatWasReclassifiedToProfitOrLossBeforeTax to GainsLossesOnExchangeDifferencesOnTranslationBeforeTaxFromDiscontinuedOperations" order="1.0" weight="1.0"/>
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="https://www.sonae.pt/role/610000">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="loc_1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_3"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_1" xlink:to="loc_3" order="10.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperations" xlink:label="loc_4"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_3" xlink:to="loc_4" order="15.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReceiptsFromSalesOfGoodsAndRenderingOfServices" xlink:label="ifrs-full_ReceiptsFromSalesOfGoodsAndRenderingOfServices"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_4" xlink:to="ifrs-full_ReceiptsFromSalesOfGoodsAndRenderingOfServices" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToSuppliersForGoodsAndServices" xlink:label="ifrs-full_PaymentsToSuppliersForGoodsAndServices"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_4" xlink:to="ifrs-full_PaymentsToSuppliersForGoodsAndServices" order="2.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToAndOnBehalfOfEmployees" xlink:label="ifrs-full_PaymentsToAndOnBehalfOfEmployees"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_4" xlink:to="ifrs-full_PaymentsToAndOnBehalfOfEmployees" order="3.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_3" xlink:to="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" order="16.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_3" xlink:to="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" order="17.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_9"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_1" xlink:to="loc_9" order="20.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InflowsOfCashFromInvestingActivities" xlink:label="ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_9" xlink:to="ifrs-full_InflowsOfCashFromInvestingActivities" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_ReceiptsArisingFromInvestments" xlink:label="Sonae_ReceiptsArisingFromInvestments"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="Sonae_ReceiptsArisingFromInvestments" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_ProceedsFromSalesOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="Sonae_ProceedsFromSalesOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="Sonae_ProceedsFromSalesOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_InterestAndSimilarIncome" xlink:label="Sonae_InterestAndSimilarIncome"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="Sonae_InterestAndSimilarIncome" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:label="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherInflowsOfCashFromInvestingActivities" xlink:label="Sonae_OtherInflowsOfCashFromInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="Sonae_OtherInflowsOfCashFromInvestingActivities" order="6.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:label="ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_9" xlink:to="ifrs-full_OutflowsOfCashFromInvestingActivities" order="2.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_PaymentsForFinancialInvestments" xlink:label="Sonae_PaymentsForFinancialInvestments"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:to="Sonae_PaymentsForFinancialInvestments" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:to="Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:to="ifrs-full_CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_OtherOutflowsOfCashFromInvestingActivities" xlink:label="Sonae_OtherOutflowsOfCashFromInvestingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:to="Sonae_OtherOutflowsOfCashFromInvestingActivities" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_Leasesinterestpaid"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_1" xlink:to="loc_Leasesinterestpaid" order="30.0" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_ProceedsFromFinancingActivities" xlink:label="Sonae_ProceedsFromFinancingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Leasesinterestpaid" xlink:to="Sonae_ProceedsFromFinancingActivities" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_ProceedsFromFinancingActivities" xlink:to="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_CapitalIncreasesAdditionalPaidInCapitalAndSharePremiums" xlink:label="Sonae_CapitalIncreasesAdditionalPaidInCapitalAndSharePremiums"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_ProceedsFromFinancingActivities" xlink:to="Sonae_CapitalIncreasesAdditionalPaidInCapitalAndSharePremiums" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_PaymentsFromFinancingActivities" xlink:label="Sonae_PaymentsFromFinancingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_Leasesinterestpaid" xlink:to="Sonae_PaymentsFromFinancingActivities" order="2.0" weight="-1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_PaymentsFromFinancingActivities" xlink:to="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_PaymentsFromFinancingActivities" xlink:to="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_InterestAndSimilarExpenses" xlink:label="Sonae_InterestAndSimilarExpenses"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_PaymentsFromFinancingActivities" xlink:to="Sonae_InterestAndSimilarExpenses" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_PaymentsFromFinancingActivities" xlink:to="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="549300847SOBT7HY7R50-2021-12-31.xsd#Sonae_CapitalDecreasesAndPaidInCapital" xlink:label="Sonae_CapitalDecreasesAndPaidInCapital"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_PaymentsFromFinancingActivities" xlink:to="Sonae_CapitalDecreasesAndPaidInCapital" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:label="PaymentsToAcquireOrRedeemEntitysShares" xlink:title="PaymentsToAcquireOrRedeemEntitysShares"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Sonae_PaymentsFromFinancingActivities" xlink:to="PaymentsToAcquireOrRedeemEntitysShares" xlink:title="calculation: PaymentsFromFinancingActivities to PaymentsToAcquireOrRedeemEntitysShares" order="6.0" weight="1.0"/>
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="https://www.sonae.pt/role/510000"/>
</link:linkbase>
