CTT-Correios de Portugal SA (OTCPK:CTTPY)
$ 8.015 0 (0%) Market Cap: 545.66 Mil Enterprise Value: -1.60 Bil PE Ratio: 12.12 PB Ratio: 2.59 GF Score: 88/100
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Nine Months 2019 CTT Correios de Portugal SA Earnings Call Transcript

Oct 31, 2019 / 09:00AM GMT
Release Date Price: $4.23
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the CTT Third Quarter 2019 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today on Thursday, the 31st of October 2019.

I'd now like to turn the conference over to your speaker today, João Bento. Please go ahead, sir.

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

£ -

Good morning, everyone. Welcome to our 9-month results presentation. So we've had what we think was a robust growth for the Bank and Financial Services and also a onetime impact of the Mail for the elections that has a significant contribution for the quarter results.

Starting with Mail. We are showing a decline of 7.6%, which is within our guidance for the year and significantly better than what we had in the first half but with the benefiting from the election effect -- one-off effect that I already mentioned.

Still on Mail, we have -- we are now able to secure EUR 15.1

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