CTT-Correios de Portugal SA (FRA:C7T)
€ 5.12 0 (0%) Market Cap: 733.92 Mil Enterprise Value: -1.33 Bil PE Ratio: 13.76 PB Ratio: 2.94 GF Score: 93/100
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Full Year 2018 CTT Correios de Portugal SA Earnings Call Transcript

Feb 21, 2019 / 09:00AM GMT
Release Date Price: €3.07 (-1.85%)
Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's CTT Full Year 2018 Results Conference Call. (Operator Instructions)

I must advise you that your conference is being recorded today on Thursday, the 21st of February 2019.

I would now like to hand the conference over to the company CEO, Francisco de Lacerda. Please go ahead, sir.

Francisco JosÃ;Queiroz de Barros de Lacerda
CTT - Correios De Portugal, S.A. - CEO & Vice Chairman

© -

Thank you. Good morning to you all. I'm going through the presentation as usual together with Guy Pacheco, our CFO; and we have Peter Tsvetkov with us and several of our colleagues also. And then, we open to Q&A.

So starting at Slide 4, the main highlights that I wanted to show.

The first message is that we delivered the EBITDA guidance in terms of recurring EBITDA. And that was a result of both revenue growth but also a good control of the cost base because of the positive effects of the transformation plan compensating almost the growth in

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