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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Q3 2024 CTT Correios de Portugal SA Earnings Call Transcript

Oct 30, 2024 / 09:00AM GMT
Release Date Price: $8.02
Operator

Good morning and welcome to CTT'S nine month 2024 results conference call.

(Operator Instructions) I will now turn the call over to Mister Zambian to CEO.

Joao Afonso Ramalho Sopas Pereira Bento
CTT Correios de Portugal SA - Chief Executive Officer, Executive Director

Good morning, everyone. Welcome to our third quarter Results presentation. Q3 was a transition quarter towards what we believe is going to be a great final quarter since financial service is now normalizing and express in person will keep beating all-time records.

So if you, if we concentrate on I'm with slide number four, if we look at the charts on the left and if we set aside financial services, we've observed in the quarter, 17.3 growth on revenues that then is amplified to a 28.6 growth on EBITDA, looking into more detail on the right hand side to each business area and starting with the logistics bucket, we see express and parcels achieving record volumes and since we have during this summer volumes above last year's peak season, and then this very high growth of 46% year

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