Q1 2020 CTT Correios de Portugal SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the CTT First Quarter 2020 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, the 7th of May 2020.
I would now like to hand the conference over to your first speaker today, Mr. João Bento, CEO. Please go ahead.
£ -
Thank you. Good morning, everyone. Welcome to the first quarter results presentation. Well, I will start -- say that we were heading for a great quarter until mid-March, clearly above budget and, therefore, above guidance and [beating] guidance. And then the crisis came, we were able to set up an agile and problem-solving-driven governance scheme. And the main effect we felt from the beginning was a large decline in Mail, which implied an acceleration on e-commerce initiatives.
So coming from Slide 1, despite the very bad end of March, we still managed to show the resilience of our
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
