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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Half Year 2022 CTT Correios de Portugal SA Earnings Call Transcript

Jul 28, 2022 / 08:00AM GMT
Release Date Price: $6.8
Operator

Welcome to CTT First Half 2022 Results Call, and thank you for standing by. (Operator Instructions) This call is being recorded. If you have any objections, you may disconnect at this point.

Now I'm going to introduce your speakers for today, Mr. João Bento, our CEO; and Mr. Guy Pacheco, our CFO. You may begin.

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

£ -

Thank you. Good morning, everyone. Welcome to our the second quarter results presentation, starting with Slide #4, which is in fact the first slide, with the key takeaways from the quarter. We have reached EBIT exactly within the guidance that we provided in the middle of the guidance EUR 12 million for the quarter as announced in the Capital Markets Today. This is a combination of several factors, starting with the behavior of parcels in Portugal. We returned to growth in volumes, although lower average revenue per item penalized revenue growth. Reversely, in Spain, we had growth in revenue driven by improving pricing,

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