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CTT Correios de Portugal SA (CTT.LS)

CTT.LS on Lisbon Stock Exchange

5.52EUR
11:35am EDT
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€-0.03 (-0.47%)
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€5.54
Open
€5.52
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€5.54
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€5.50
Volume
459,002
Avg. Vol
939,755
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€7.61
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€4.74

Latest Key Developments (Source: Significant Developments)

CTT Q1 net profit down 50 pct YoY
Friday, 28 Apr 2017 12:17pm EDT 

April 28 (Reuters) - CTT Correios de Portugal SA (CTT) ::Q1 reported net profit 10.3 million euros ($11.2 million versus 20.7 million euros year ago.Q1 recurring EBITDA 28.0 million euros versus 35.1 million euros year ago.Q1 recurring revenue 177.0 million euros versus 177.9 million euros year ago.  Full Article

CTT proposes chairman change, capital decrease and increase operation
Friday, 10 Mar 2017 01:54am EST 

CTT Correios de Portugal SA (CTT) : Proposed on Thursday to appoint current vice-chairman Antonio Sarmento Gomes Mota as chairman of the board and Francisco Jose Queiroz de Barros de Lacerda as vice-chairman . To propose share capital decrease and subsequent increase, to release capital surplus .To decrease share capital from 75 million euros ($79.5 million) to 25.5 million euros through the reduction of the nominal value of shares from 0.50 euro to 0.17 euro and increase capital back to 75 million euros and increase nominal value of shares to 0.50 euro.  Full Article

CTT reaffirms its dividend policy for 2017
Thursday, 9 Mar 2017 12:13pm EST 

CTT Correios de Portugal SA : Sees small growth in revenues and flat recurring EBITDA (excluding Altice) for 2017 . Sees 2017 Capex of 30 million euros ($31.7 million), 10 million euros of which in Banco CTT . Reaffirms dividend policy for 2017 .Sees 2017 decline in addressed mail volumes expected to be in the 4 percent to 5 percent range.  Full Article

Portugal CTT's profit, revenues drop, sees small revenue growth in 2017
Thursday, 9 Mar 2017 11:57am EST 

CTT Correios de Portugal SA says in a statement: 2016 net profit falls 13.7 percent to 62.2 million euros ($65.77 million) . Reported 2016 EBITDA falls 24 percent to 102 million euros . Recurring EBITDA falls 17 percent to 119.6 million euros . Reported operating revenues drop 4 percent to 697 mln euros . Analysts surveyed by Reuters expected, on average, a net profit or 61 million euros and recurring EBITDA of 123 million euros . CTT expects small growth in revenues in 2017 even as decline in addressed mail volumes seen at 4-5 percent . Expects flat recurring EBITDA, excluding its deal with Altice .Sees revenues at its postal bank Banco CTT in high single-digit millions of euros, CTT to account for 10 pct of capex..  Full Article

Standard Life Investments decreases voting rights in CTT to below 2 pct
Wednesday, 1 Mar 2017 12:24pm EST 

CTT Correios de Portugal SA :Says Standard Life Investments now holds 1.898 percent of voting rights in CTT versus previously stated 4.979 percent.  Full Article

Black Rock increases voting rights in CTT to 3.31 pct
Tuesday, 20 Dec 2016 01:53am EST 

CTT Correios de Portugal SA : Said on Monday Black Rock Inc. increased its qualifying shareholding in CTT .Black Rock now holds 3.31 percent of voting rights in CTT versus previously stated 2.00 percent.  Full Article

CTT to sell real estate property in Lisbon for 25 mln euros
Thursday, 15 Dec 2016 12:39pm EST 

CTT Correios de Portugal SA : Says to sell real estate property in Lisbon for 25 million euros ($26.0 million) .Says sale represents accounting gain of about 16 million euros.  Full Article

Manuel Carlos de Mello Champalimaud reaches 8.5 pct stake in CTT
Thursday, 25 Aug 2016 12:59pm EDT 

CTT Correios de Portugal SA :Says its board member Manuel Carlos de Mello Champalimaud has reached a 8.48 percent stake in the company; 284,885 shares are held directly and 12.4 million shares are held through Gestmin SGPS SA.  Full Article

BlackRock reaches qualified holding of 2 pct in CTT, Artemis reduces stake to below 2 pct
Thursday, 18 Aug 2016 01:42am EDT 

CTT Correios de Portugal SA : Said on Wednesday that BlackRock Inc had reached a qualified holding of 2.0 percent in the company .Artemis Investment Management LLP reduced its stake to below 2.0 percent from 4.99 percent.  Full Article

Manuel Carlos de Mello Champalimaud reaches 7.7 pct stake in CTT
Thursday, 11 Aug 2016 12:09pm EDT 

CTT Correios de Portugal SA :Says its board member Manuel Carlos de Mello Champalimaud has reached a 7.69 percent stake in the company; 284,885 shares are held directly and 11.3 million of shares are held through the company Gestmin SGPS SA.  Full Article