Edition:
United Kingdom

CTT FY Reported Net Profit Falls 28 Pct YoY


Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - CTT Correios de Portugal SA ::FY RECURRING REVENUE 708.0 MILLION EUROS VERSUS 697.9 MILLION EUROS YEAR AGO.FY RECURRING EBITDA 90.4 MILLION EUROS VERSUS 89.9 MILLION EUROS YEAR AGO.FY RECURRING NET PROFIT 30.8 MILLION EUROS VERSUS 35.7 MILLION EUROS YEAR AGO.FY REPORTED NET PROFIT 19.6 MILLION EUROS VERSUS 27.3 MILLION EUROS YEAR AGO.FY ADDRESSED MAIL VOLUME DOWN 7.6 PERCENT VERSUS YEAR AGO.SEES 2019 INCREASE IN REVENUES, SUPPORTED BY ORGANIC AND INORGANIC IMPACTS IN THE GROWTH LEVERS.SEES 2019 DECLINE IN ADDRESSED MAIL VOLUMES IN RANGE OF DOWN 6 PERCENT - 8 PERCENT.REAFFIRMS FOR 2019 ADDITIONAL 15 MILLION EUROS OF REC. OP. COST SAVINGS, NET NON-RECURRING ITEMS AT 15 MILLION EUROS.SEES 2019 GROWTH IN ORGANIC RECURRING EBITDA, SEES 55 MILLION EUROS IN CAPEX. 

Company Quote

2.27
-0.028 -1.22%
24 May 2019