CTT-Correios de Portugal SA (LTS:0QIM)
€ 4.2775 -0.025 (-0.58%) Market Cap: 584.36 Mil Enterprise Value: -1.40 Bil PE Ratio: 10.99 PB Ratio: 2.47 GF Score: 84/100
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Half Year 2024 CTT Correios de Portugal SA Earnings Call Transcript

Jul 30, 2024 / 08:00AM GMT
Release Date Price: €4.11 (-11.03%)
Operator

Good morning, and welcome to CCT's first half 2024 results conference call. Please note that this conference is being recorded.

(Operator Instructions)

I will now turn the call over to Mr. João Bento, CEO.

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

Thank you, Esmo. Good morning, everybody. Welcome to our second quarter results presentation.

So if you move to slide -- the first slide, which is slide number four. We had a very strong execution in express & parcels, which drove revenue growth. Indeed, we actually are with the volumes close to those in our last peak season, having delivered more than 63 million objects in the first half and since the second half of the year should be stronger, this compares extremely well with the 100 million parcels we delivered last year.

We've started now a common segmentation of larger accounts and unique pricing system for Iberia. So no longer Portugal and Spain and all this, including this very high volumes,

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