Edition:
United Kingdom

CTT FY Reported Net Profit Down 56.1 Pct At 27.3 Mln Euros YoY


Wednesday, 7 Mar 2018 

March 7 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::FY REPORTED NET PROFIT 27.3 MILLION EUROS VERSUS 62.2 MILLION EUROS YEAR AGO.FY RECURRING EBITDA 89.9 MILLION EUROS VERSUS 119.5 MILLION EUROS YEAR AGO.FY RECURRING REVENUE 697.9 MILLION EUROS VERSUS 695.1 MILLION EUROS YEAR AGO.SETS GOAL FOR SLIGHT GROWTH IN REVENUES AND STABLE RECURRING EBITDA LEVELS IN 2018‍​.SAYS DECLINE IN ADDRESSED MAIL VOLUMES EXPECTED TO BE IN -5 PERCENT TO -6 PERCENT RANGE IN 2018‍​.SEES OPERATIONAL TRANSFORMATION PLAN INITIATIVES WITH ESTIMATED C. 20 MILLION EURO IMPACT ON NON-RECURRING OPERATING COSTS IN 2018.PROPOSES DIVIDEND OF €0.38 PER SHARE FOR FY17, PAYABLE IN MAY 18‍​.SEES 35 MILLION EUROS OF CAPEX, PART OF WHICH RELATED TO OPERATIONAL TRANSFORMATION PLAN. 

Company Quote

2.072
-0.022 -1.05%
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