The profit of CTT-Correios de Portugal fell 6.6% last year compared to 2014, to 72.1 million euros, announced on Tuesday the company led by Francisco Lacerda.
according to the information sent to the Portuguese Securities Market Commission (CMVM), CTT submit that the total operating income grew 1.3% to 727.2 million euros, “a positive variation mainly reflects earnings growth mail business area. “
the result before taxes, interest, depreciation and amortization (EBITDA) recurring (before income and recurring expenses) rose 6.6% to 144 million euros.
CTT submit that the mail revenues rose 1.5%, resulting from the slowdown in the decline in mail traffic and 4.1% increase in the average price of the Universal Postal Service.
in addition, “financial services consolidate supply and market position and achieve strong growth in recurring income of 1.9%, keeping this as a key lever in the global growth of CTT and paving the way for the Bank CTT” add .
in the case of the express orders and revenues, they rose 1.7% “with 3.2% traffic growth, impacted by the focus on the integration of networks in Portugal and the ongoing restructuring in Spain “.
President of CTT, Francisco Lacerda, considered that the results of 2015 are” solid “and in line with expectations, despite the investment of EUR 23.5 million in the Bank CTT.
“the results are in line with expectations, we are quite aligned, and I would define the results of the year 2015 as solid results, which allow support investment in this new era of financial services growth is growth the bank, “said Lacerda Lusa.
CTT invested EUR 23.5 million in Bank CTT (compared with the 30 million initially planned), which opens to the public on March 18.
The new institution will open 52 stores simultaneously by the 18 districts in Portugal, nine of which in the cities of Lisbon and Porto. They were recruited 100 people to the central services and the remaining employees received training, according to Francisco Lacerda.
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