Market Closed -
Euronext Lisbonne
16:35:04 10/05/2024 BST
Pre-market
07:02:08
4.37
EUR
-0.23%
4.358
-0.27%
CTT Correios de Portugal S A : Results Presentation – 9 months 2023 (Appendix)
November 02, 2023 at 05:17 pm
Solid and low levered balance sheet with a consolidated net cash position
Softer volumes offsetting price increase
Both regulated and competitive mail with lighter volumes
Strict ceilings on debt placements are restricting placement until year end
Balance sheet mix benefiting from higher interest rates
Disclaimer
CTT – Correios de Portugal SA published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 02 November 2023 17:16:43 UTC .
Transcript : CTT - Correios De Portugal, S.A., Q1 2024 Earnings Call, May 03, 2024
05-03
CTT - Correios De Portugal, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024
05-03
CI
Transcript : CTT - Correios De Portugal, S.A., 2023 Earnings Call, Mar 20, 2024
03-20
CTT - Correios De Portugal, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023
03-20
CI
CTT - Correios De Portugal, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
03-18
CI
PayNest Fintech Ltd announced that it has received ?2 million in funding from BlueCrow Capital, Iberis Semper, Sociedade de Capital de Risco, S.A., Lince Capital, M4 Ventures, CTT - Correios De Portugal, S.A.
12-10
CI
Transcript : CTT - Correios De Portugal, S.A., Nine Months 2023 Earnings Call, Nov 03, 2023
11-03
CTT - Correios De Portugal, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
11-03
CI
Transcript : CTT - Correios De Portugal, S.A., H1 2023 Earnings Call, Jul 28, 2023
28/07/23
CTT - Correios De Portugal, S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
27/07/23
CI
Brazil's postal service inks deal with Shopee to sell products to Asia
26/07/23
RE
CTT - Correios De Portugal, S.A. commences an Equity Buyback Plan for 10% of issued share capital, under the authorization approved on April 20, 2023.
29/06/23
CI
Luz Saude owner seeks over $330 mln in Lisbon IPO - sources
02/06/23
RE
Transcript : CTT - Correios De Portugal, S.A., Q1 2023 Earnings Call, May 05, 2023
05/05/23
CTT - Correios De Portugal, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023
04/05/23
CI
Transcript : CTT - Correios De Portugal, S.A., 2022 Earnings Call, Mar 17, 2023
17/03/23
Generali Partners With Portugal's CTT Group, Acquires 9% Stake In Banking Unit
07/11/22
MT
Generali strikes long-term distribution deal with Portugal's post office
07/11/22
RE
CTT - Correios De Portugal, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
04/11/22
CI
Transcript : CTT - Correios De Portugal, S.A., Nine Months 2022 Earnings Call, Nov 04, 2022
04/11/22
Tranche Update on CTT - Correios De Portugal, S.A.'s Equity Buyback Plan announced on March 16, 2022.
09/09/22
CI
CTT - Correios De Portugal, S.A.'s Equity Buyback announced on March 16, 2022 has expired with 6,084,999 shares, representing 4.10% for 22.36 million.
08/09/22
CI
Transcript : CTT - Correios De Portugal, S.A., H1 2022 Earnings Call, Jul 28, 2022
28/07/22
CTT - Correios De Portugal, S.A. announces an Increase in Equity Buyback.
27/07/22
CI
CTT - Correios De Portugal, S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
27/07/22
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
CTT-Correios de Portugal, S.A. is the Portuguese leader in postal services provision. Net sales break down by activity as follows:
- mail collection and delivery (50.4%): letters, postcards, ads, advertising documents, newspapers, etc.;
- express and parcels transportation and delivery services (40.2%): activity ensured in Portugal, Spain and Mozambique;
- sale of financial products and services (7.2%): public debt certificates, postal saving products, insurance and postal money orders;
- banking and payment services (2.2%): savings accounts, consumer credit (auto loans and credit cards), mortgage loans, off-balance sheet savings. The group also provides payment solutions (Payshop) allowing paying for purchases through the Internet and via certified agents (kiosks, tobacconists, supermarkets, etc.).
Portugal accounts for 69% of net sales.
More about the company
Last Close Price
4.37
EUR
Average target price
5.3
EUR
Spread / Average Target
+21.28%
Consensus
1st Jan change
Capi.
+25.21% 648M -6.58% 25.21B +19.76% 17.17B -2.02% 16.78B +32.14% 7.68B -0.76% 2.36B +9.54% 2.24B +18.87% 1.94B -2.31% 1.19B -2.11% 772M
Courier Services
+951% of historical performance
More than 20 years at your side
Our Experts are here for you
OUR EXPERTS ARE HERE FOR YOU
Monday - Friday 9am-12pm / 2pm-6pm GMT + 1