Brief: CTT Q1 Net Profit Up At 16.1 Mln Euros YoY

CTT - Correios de Portugal SA

05/05/2023 05:21

May 5 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * SAID ON THURSDAY Q1 NET PROFIT 16.1 MLN EUROS VS 5.4 MLN
EUROS
YR AGO
    * Q1 REVENUES 241.8 MLN EUROS VS 234.7 MLN EUROS YR AGO
    * Q1 EBITDA 40.8 MLN EUROS VS 22.0 MLN EUROS YR AGO
    * FOLLOWING 1Q23 PERFORMANCE CTT REVISES UPWARD GUIDANCE FOR
2023
    * FOLLOWING ROBUST 1Q23 PERFORMANCE, PARTICULARLY IN THE
FINANCIAL
SERVICES AND BANCO CTT BUSINESS UNITS, CTT REVISES UPWARD
GUIDANCE FOR 2023
    * THUS, EXPECTS TO ACHIEVE A RECURRING EBIT OF AT LEAST €80M
(COMPARED TO THE PREVIOUSLY COMMUNICATED 10% GROWTH TO A €70M
LEVEL)
    * RISK OUTLOOK IS MAINTAINED, AS FOLLOWS: (1) HIGH
GEOPOLITICAL
UNCERTAINTY; AND (2) MACRO RISKS WILL CONTINUE TO BE RELEVANT
AND PERSISTENT, NAMELY INFLATION, COST OF ENERGY AND RAW
MATERIALS


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

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