Brief: CTT Sees Revenue CAGR Of 7-10% To Achieve Group Operating Income In The Range 1,100-1,250 Mln Euros In 2025

CTT - Correios de Portugal SA

23/06/2022 07:56

June 23 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * SEES REVENUE CAGR OF 7-10%, TO ACHIEVE GROUP OPERATING
INCOME IN
THE RANGE 1,100-1,250 MILLION EUROS IN 2025
    * SEES CUMULATIVE CONSOLIDATED INVESTMENT OF THE GROUP OF
160-180
MILLION EUROS FOR THE PERIOD OF 2022-25, EQUIVALENT TO 40-45
MILLION EUROS PER YEAR
    * SEES TO ACHIEVE 11-13% ROTE IN BANCO CTT IN 2022-2025
    * SEES EBIT CAGR OF 14-19% TO ACHIEVE GROUP RECURRING EBIT
WITHIN
THE RANGE OF 100-120 MILLION EUROS IN 2025
    * SAYS CONFIRMING 2022 GUIDANCE
    * SAYS COVID-19 PANDEMIC CONTINUES TO REPRESENT A RELEVANT
RISK
FACTOR AND THERE ARE ALSO SEVERE RISKS IN FUNCTIONING OF
LOGISTICS CHAINS, NAMELY ORIGINATED IN ASIA
    * SAYS IT AIMS TO PAY BETWEEN 35% AND 50% OF NET INCOME IN
RECURRENT DIVIDENDS

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

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