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 2023 CTT Correios de Portugal SA Earnings Call Transcript

Jul 28, 2023 / 08:00AM GMT
Release Date Price: $7.28
Operator

Good day, and welcome to CTT First Half 2023 Results Call. My name is Priscila, and I'll be your coordinator for today's event. (Operator Instructions)

I will now hand it over to your host, Mr. Joao Bento, the CEO; Mr. Guy Pacheco, the CFO, to begin today's conference. Please go ahead, sir. Thank you.

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

£ -

Thank you, Priscila. Good morning, everyone. Welcome to our first half webcast where we are talking about the great quarter with all business areas performing very well. And I would emphasize the performance of Express & Parcels that through a robust growth in volumes, revenues and profitability, somehow renders the right results given the capacity investments that we have. This is indeed for Express & Parcels a record setting quarter.

If you follow me on the left-hand side of Slide #4, we start exactly with parcels. On Iberia, strong volume rebound across our E&P platform, driving revenues and profitable growth

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