CTT-Correios de Portugal SA (GREY:CTTPY)
$ 8.015 0 (0%) Market Cap: 551.67 Mil Enterprise Value: -1.23 Bil PE Ratio: 11.81 PB Ratio: 2.39 GF Score: 89/100

Q3 2022 CTT Correios de Portugal SA Earnings Call Transcript

Nov 04, 2022 / 09:00AM GMT
Release Date Price: $5.61
Operator

Good day, and welcome to the CTT 9 Months 2022 Results Conference Call with João Bento, CEO; and Guy Pacheco, CFO. Today's call is being recorded.

I will now hand the call over to João Bento, CEO. Please go ahead, sir.

JoÃ;o Afonso Ramalho Sopas Pereira Bento
CTT - Correios De Portugal, S.A. - CEO & Executive Director

£ -

Thank you, Diane. Good morning, everyone. Welcome to our third quarter webcast. I believe we have set of good news today.

Starting with slide -- the first slide, which is Slide #4 with the key takeaways from the quarter. As you've seen, we have a positive revenue trend across all business areas in this quarter with the financial components performing better than we planned, Financial Services & Retail and the bank performing very well. And this positive revenue trend occurs in a challenging economic context, reason why we value that even more. And the result is that we have a third quarter recurring EBIT of just over EUR 20 million, a significant year-on-year performance growth versus last year.

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