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CTT Correios de Portugal SA (CTT.LS)

CTT.LS on Lisbon Stock Exchange

3.40EUR
16 Feb 2018
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€3.40
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1,661,701
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€5.88
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€3.01

Latest Key Developments (Source: Significant Developments)

CTT Sells Real Estate In Lisbon For 16 Mln Euros
Monday, 18 Dec 2017 

Dec 18 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::SELLS REAL ESTATE IN LISBON FOR 16 MILLION EUROS WITH 2 MILLION EURO TAX IMPACT.  Full Article

Allianz Global Investors Decreases Its Voting Rights In CTT To Below 2 Pct
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::SAYS ALLIANZ GLOBAL INVESTORS REDUCES ITS STAKE IN COMPANY TO 1.85 PERCENT.  Full Article

CTT 9-month recurring EBITDA down 25.1 pct YoY
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - CTT CORREIOS DE PORTUGAL SA :9-MONTH RECURRING EBITDA 68.1 MILLION EUROS VERSUS 91.0 MILLION EUROS YEAR AGO.9-MONTH RECURRING REVENUE 518.0 MILLION EUROS VERSUS 517.1 MILLION EUROS YEAR AGO.9-MONTH REPORTED NET PROFIT 19.5 MILLION EUROS VERSUS 46.0 MILLION EUROS YEAR AGO.NOW EXPECTS TO ACHIEVE RECURRING EBITDA AROUND 20 PERCENT BELOW THE INITIAL FY17 GUIDANCE.GIVEN EBITDA EVOLUTION BOARD INTENDS TO PROPOSE FY17 DIVIDEND OF ABOUT 0.38 EURO/SHARE, PAYABLE IN 2018.9-MONTH FINANCIAL SERVICES REVENUE 48.2 MILLION EUROS VERSUS 53.4 MILLION EUROS YEAR AGO.  Full Article

CTT and Brazil's ECT sign deals to improve express mail products
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::SIGNS DEALS WITH BRAZILIAN POSTAL SERVICES OPERATOR (ECT) TO IMPROVE EFFICIENCY OF EXPRESS MAIL PRODUCTS.  Full Article

Manuel Carlos de Mello Champalimaud reaches 8.5 pct stake in CTT
Thursday, 25 Aug 2016 

CTT Correios de Portugal SA :Says its board member Manuel Carlos de Mello Champalimaud has reached a 8.48 percent stake in the company; 284,885 shares are held directly and 12.4 million shares are held through Gestmin SGPS SA.  Full Article

BlackRock reaches qualified holding of 2 pct in CTT, Artemis reduces stake to below 2 pct
Thursday, 18 Aug 2016 

CTT Correios de Portugal SA : Said on Wednesday that BlackRock Inc had reached a qualified holding of 2.0 percent in the company .Artemis Investment Management LLP reduced its stake to below 2.0 percent from 4.99 percent.  Full Article

Manuel Carlos de Mello Champalimaud reaches 7.7 pct stake in CTT
Thursday, 11 Aug 2016 

CTT Correios de Portugal SA :Says its board member Manuel Carlos de Mello Champalimaud has reached a 7.69 percent stake in the company; 284,885 shares are held directly and 11.3 million of shares are held through the company Gestmin SGPS SA.  Full Article

CTT H1 recurring EBITDA down at 62.5 million euros
Thursday, 4 Aug 2016 

CTT Correios de Portugal SA : H1 recurring revenue 349.4 million euros ($389.09 million) versus 367.1 million euros year ago . H1 net profit 31.7 million euros versus average analysts forecast of 36.6 million euros . H1 recurring EBITDA 62.5 million euros versus 75.5 million euros year ago .Changes recurring EBITDA (Excluding Banco CTT) FY 2016 guidance to "low single-digit growth" from "mid-single digit growth".  Full Article

CTT announces opening of 50 Banco CTT branches
Thursday, 2 Jun 2016 

CTT Correios de Portugal SA : Announced on Wednesday opening of 50 additional branches of Banco CTT in the retail network of CTT between June 9 and July 15 . The second opening phase is in line with the launch schedule of Banco CTT, aimed at reaching 200 branches within the retail network of CTT by the end of 2016 .By May 31 Banco CTT has opened more than 13,000 current accounts for new clients and captured 33.6 million euros ($37.6 million) of deposits.  Full Article

CTT Q1 net profit 20.7 mln euros, beats forecast
Wednesday, 11 May 2016 

Portugal's Postal Service CTT : Q1 net profit at 20.7 million euros versus average analysts forecast of 17.9 million euros . Q1 EBITDA at 35.1 million euros versus average analysts forecast of 35 million euros . Q1 revenue at 177.9 million euros versus average analysts forecast of 186.2 million euros (Reporting By Axel Bugge) ((axel.bugge@thomsonreuters.com; +351-213-509-201; Reuters Messaging: axel.bugge.thomsonreuters.com@reuters.net)).  Full Article

Portugal CTT to cut costs, overhaul business due to mail volume drop

LISBON, Dec 19 Portugal's postal service CTT hopes to boost its recurring EBITDA by 45 million a year starting in 2020 by overhauling its operations due to a fall in mail volume, which will involve wage and other cost cuts, while reinforcing the parcel service and the postal bank.