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 2023 CTT Correios de Portugal SA Earnings Call Transcript

Nov 03, 2023 / 09:00AM GMT
Release Date Price: $7.35
Operator

Hello, and welcome to the CTT 9M 2023 Results Conference. My name is Karen, and I will be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions)

I will now hand you over to your host, Joao Bento, to begin today's conference. Thank you.

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

£ -

Thank you, Karen. Good morning, everyone. Welcome to the 9 months CTT results presentation. We are reporting yet again a strong revenue -- sorry, a strong quarter.

If you follow me on Slide #4. Mostly on E&P and Banco CTT, coupled with a solid cash flow performance. So starting with Parcels within E&P, we had in Portugal a significant growth volume and there we have now actually in the volumes ahead of fixed season and ready for a great peak season. While in Spain, we had very strong growth, both in large clients and in smaller clients, which is something that is also noticeable.

Moving to Mail. This was a quarter with

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot