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

Full Year 2019 CTT Correios de Portugal SA Earnings Call Transcript

Mar 17, 2020 / 11:30AM GMT
Release Date Price: $4.5
Operator

Ladies and gentlemen, thank you for standing by and welcome to the CTT Full Year 2019 Results Conference Call. (Operator Instructions)

I must advise you that this conference is being recorded today on Tuesday, the 17th of March 2020. I would now like to hand the conference over to your first speaker today, Mr. João Bento, CEO. Please go ahead.

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

£ -

Good morning, everybody. Welcome to our results presentation. Well, in spite of the situation we are living, it's -- I think we have good news. 2019 has been a year of transition with, as everybody knows, a significant change in leadership. And by the end of the year, we have a fully renewed executive team.

Coming to the numbers, we have seen a 4.6% revenue growth, a significant acceleration from 1.4% last year. We believe this is a trend to maintain. Regarding the EBITDA, we have delivered -- actually, we are delivering in all aspects, with over EUR 100 million of EBITDA and a 12%

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