CTT-Correios de Portugal SA (OTCPK:CTTOF)
$ 4.67 0 (0%) Market Cap: 650.30 Mil Enterprise Value: -1.53 Bil PE Ratio: 12.12 PB Ratio: 2.59 GF Score: 84/100
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Full Year 2020 CTT Correios de Portugal SA Earnings Call Transcript

Mar 17, 2021 / 09:00AM GMT
Release Date Price: $3.51
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the CTT full year 2020 results. (Operator Instructions) I must advise you the conference is being recorded today on Wednesday, the 17th of March 2020. I will now hand the conference over to your speaker today, João Bento, CEO. Please go ahead.

JoÃ;o Afonso Ramalho Sopas Pereira Bento
CTT - Correios De Portugal, S.A. - CEO & Executive Director

£ -

Thank you. Good morning, everyone. Welcome to our webcast of financial results 2020. I'll start with the highlights of the quarter and the year. It was a year obviously marked by the pandemic impact on people and companies, but that ended with an excellent quarter for CTT, the strongest EBITDA exhibited by the company in more than 5 years and delivering on guidance at all levels.

Actually, the year was a year where we've been able to establish ourselves as the enabler, and actually the shaper of e-commerce and digital transformation of the Portuguese companies with very strong volume growth in parcels, leading to significant

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