Brief: CTT FY Net Profit Up At 38.4 Mln Euros YoY

CTT - Correios de Portugal SA

17/03/2022 06:52

March 17 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * SAID ON WEDNESDAY FY NET PROFIT 38.4 MILLION EUROS VS 16.7
MILLION EUROS YEAR AGO
    * FY SALES 847.9 MILLION EUROS VS 745.2 MILLION EUROS YEAR
AGO
    * FY EBITDA 118.1 MILLION EUROS VS 103.6 MILLION EUROS YEAR
AGO
    * SEES FOR 2022 HIGH SINGLE-DIGIT DECLINE IN MAIL VOLUMES
    * IBERIAN EXPRESS & PARCELS VOLUMES ARE EXPECTED TO GROW BY
LOW
DOUBLE DIGIT, SUBJECT TO NORMALIZATION IN SUPPLY CHAINS IN 2022
    * SEES FOR 2022 REVENUE GROWTH OF MID-TO-HIGH SINGLE DIGIT
    * SEES FOR 2022 RECURRING EBIT TO BE WITHIN 65-75 MILLION
EURO
RANGE, MORE GEARED TOWARDS H2

    Source text: https://bit.ly/3thQBJ7
    Further company coverage:  CTT.LS  

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