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    <link:label xlink:type="resource" xlink:label="Sonae_ReservesAndRetainedEarnings_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Reservas e resultados transitados</link:label>
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    <link:label xlink:type="resource" xlink:label="Sonae_OtherLoansCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Outros empréstimos correntes</link:label>
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    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_CurrentLiabilitiesExcludingNonCurrentLiabilitiesHeldForSale" xlink:label="Sonae_CurrentLiabilitiesExcludingNonCurrentLiabilitiesHeldForSale"/>
    <link:label xlink:type="resource" xlink:label="Sonae_CurrentLiabilitiesExcludingNonCurrentLiabilitiesHeldForSale_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Passivos correntes excluindo passivos não correntes detidos para venda</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_CurrentLiabilitiesExcludingNonCurrentLiabilitiesHeldForSale" xlink:to="Sonae_CurrentLiabilitiesExcludingNonCurrentLiabilitiesHeldForSale_2"/>
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    <link:label xlink:type="resource" xlink:label="Sonae_GainsOrLossesFromAssociatesAndJointVentures_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Ganhos ou perdas relativos a empreendimentos conjuntos e associadas</link:label>
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    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:label="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax" xlink:to="Sonae_OtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLossNetOfTax_2"/>
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    <link:label xlink:type="resource" xlink:label="Sonae_ReceiptsArisingFromInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Receitas provenientes de investimentos</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_ReceiptsArisingFromInvestments" xlink:to="Sonae_ReceiptsArisingFromInvestments_2"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_ProceedsFromSalesOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="Sonae_ProceedsFromSalesOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_InterestAndSimilarIncome" xlink:label="Sonae_InterestAndSimilarIncome"/>
    <link:label xlink:type="resource" xlink:label="Sonae_InterestAndSimilarIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Juros e rendimentos similares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_InterestAndSimilarIncome" xlink:to="Sonae_InterestAndSimilarIncome_2"/>
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    <link:label xlink:type="resource" xlink:label="Sonae_PaymentsForFinancialInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Pagamentos para investimentos financeiros</link:label>
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    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:label xlink:type="resource" xlink:label="Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Compra de ativos fixos tangíveis e intangíveis, classificados como atividades de investimento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="Sonae_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OtherOutflowsOfCashFromInvestingActivities" xlink:label="Sonae_OtherOutflowsOfCashFromInvestingActivities"/>
    <link:label xlink:type="resource" xlink:label="Sonae_OtherOutflowsOfCashFromInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Outras saídas de caixa, classificadas como atividades de investimento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_OtherOutflowsOfCashFromInvestingActivities" xlink:to="Sonae_OtherOutflowsOfCashFromInvestingActivities_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OtherInflowsOfCashFromInvestingActivities" xlink:label="Sonae_OtherInflowsOfCashFromInvestingActivities"/>
    <link:label xlink:type="resource" xlink:label="Sonae_OtherInflowsOfCashFromInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Outras entradas de caixa, classificadas como atividades de investimento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_OtherInflowsOfCashFromInvestingActivities" xlink:to="Sonae_OtherInflowsOfCashFromInvestingActivities_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_CapitalIncreasesAdditionalPaidInCapitalAndSharePremiums" xlink:label="Sonae_CapitalIncreasesAdditionalPaidInCapitalAndSharePremiums"/>
    <link:label xlink:type="resource" xlink:label="Sonae_CapitalIncreasesAdditionalPaidInCapitalAndSharePremiums_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Aumentos de capital, prestações suplementares e prémios de emissão</link:label>
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    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OtherInflowsOfCashFromFinancingActivities" xlink:label="Sonae_OtherInflowsOfCashFromFinancingActivities"/>
    <link:label xlink:type="resource" xlink:label="Sonae_OtherInflowsOfCashFromFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Outras entradas de caixa, classificadas como atividades de financiamento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_OtherInflowsOfCashFromFinancingActivities" xlink:to="Sonae_OtherInflowsOfCashFromFinancingActivities_2"/>
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    <link:label xlink:type="resource" xlink:label="Sonae_ProceedsFromFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Proventos das actividades de financiamento</link:label>
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    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_InterestAndSimilarExpenses" xlink:label="Sonae_InterestAndSimilarExpenses"/>
    <link:label xlink:type="resource" xlink:label="Sonae_InterestAndSimilarExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Juros e gastos similares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_InterestAndSimilarExpenses" xlink:to="Sonae_InterestAndSimilarExpenses_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OtherOutflowsOfCashFromFinancingActivities" xlink:label="Sonae_OtherOutflowsOfCashFromFinancingActivities"/>
    <link:label xlink:type="resource" xlink:label="Sonae_OtherOutflowsOfCashFromFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Outras saídas de caixa, classificadas como atividades de financiamento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_OtherOutflowsOfCashFromFinancingActivities" xlink:to="Sonae_OtherOutflowsOfCashFromFinancingActivities_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_PaymentsFromFinancingActivities" xlink:label="Sonae_PaymentsFromFinancingActivities"/>
    <link:label xlink:type="resource" xlink:label="Sonae_PaymentsFromFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Pagamentos das actividades de financiamento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_PaymentsFromFinancingActivities" xlink:to="Sonae_PaymentsFromFinancingActivities_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OtherReservesAndPriorPeriodRetainedEarningsMember" xlink:label="Sonae_OtherReservesAndPriorPeriodRetainedEarnings"/>
    <link:label xlink:type="resource" xlink:label="Sonae_OtherReservesAndPriorPeriodRetainedEarnings_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Outras reservas e resultados transitados [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_OtherReservesAndPriorPeriodRetainedEarnings" xlink:to="Sonae_OtherReservesAndPriorPeriodRetainedEarnings_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_ReservesAndRetainedEarningsMember" xlink:label="Sonae_ReservesAndRetainedEarningsMember"/>
    <link:label xlink:type="resource" xlink:label="Sonae_ReservesAndRetainedEarningsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Reservas e resultados transitados [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_ReservesAndRetainedEarningsMember" xlink:to="Sonae_ReservesAndRetainedEarningsMember_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_ObligationFulfilledByShareAttributionToEmployees" xlink:label="Sonae_ObligationFulfilledByShareAttributionToEmployees"/>
    <link:label xlink:type="resource" xlink:label="Sonae_ObligationFulfilledByShareAttributionToEmployees_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Entrega e atribuíção de ações aos colaboradores por extinção de obrigação</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_ObligationFulfilledByShareAttributionToEmployees" xlink:to="Sonae_ObligationFulfilledByShareAttributionToEmployees_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_ProfitLossBeforeTaxFromContinuingOperations" xlink:label="Sonae_newItem"/>
    <link:label xlink:type="resource" xlink:label="Sonae_newItem_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Resultado antes de imposto das operações continuadas</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_newItem" xlink:to="Sonae_newItem_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_CapitalDecreasesAndPaidInCapital" xlink:label="Sonae_CapitalDecreasesAndPaidInCapital"/>
    <link:label xlink:type="resource" xlink:label="Sonae_CapitalDecreasesAndPaidInCapital_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Reduções de capital e prestações suplementares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_CapitalDecreasesAndPaidInCapital" xlink:to="Sonae_CapitalDecreasesAndPaidInCapital_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_NonCurrentFinancialAssetsAtFairValueThroughProfitLoss" xlink:label="Sonae_NoncurrentFinancialAssetsAtFairValueThroughProfitLoss"/>
    <link:label xlink:type="resource" xlink:label="Sonae_NoncurrentFinancialAssetsAtFairValueThroughProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Ativos financeiros não correntes pelo justo valor através de resultados</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_NoncurrentFinancialAssetsAtFairValueThroughProfitLoss" xlink:to="Sonae_NoncurrentFinancialAssetsAtFairValueThroughProfitLoss_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss" xlink:label="Sonae_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss"/>
    <link:label xlink:type="resource" xlink:label="Sonae_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Perda por imparidade (reversão de perdas por imparidade) reconhecida nos resultados</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss" xlink:to="Sonae_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitLoss_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation" xlink:label="Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation"/>
    <link:label xlink:type="resource" xlink:label="Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Outro rendimento integral, antes de impostos, diferenças cambiais relativas à transposição</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation" xlink:to="Sonae_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesTranslation_2"/>
    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:label="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax" xlink:title="ProfitFromContinuingOperationsBeforeInterestsDividendsShareOfProfitOrLossOfJointVenturesAndAssociatesAndTax"/>
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    <link:loc xlink:type="locator" xlink:href="000187-2023-12-31.xsd#Sonae_OutflowsOfCashFromFinancingActivities" xlink:label="OutflowsOfCashFromFinancingActivities" xlink:title="OutflowsOfCashFromFinancingActivities"/>
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    <link:label xlink:type="resource" xlink:label="Sonae_IncreaseDecreaseInOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pt">Aumento (diminuição) de outras provisões</link:label>
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