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CTT Correios de Portugal SA (CTT.LS)

CTT.LS on Lisbon Stock Exchange

3.20EUR
19 Oct 2018
Change (% chg)

€-0.12 (-3.61%)
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Volume
502,304
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€5.14
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Latest Key Developments (Source: Significant Developments)

-CTT Says Is Challenging ANACOM Decision Regarding Quality Of Service
Friday, 19 Oct 2018 04:01am EDT 

Oct 19 (Reuters) - CTT Correios de Portugal SA ::SAID ON THURSDAY IS CHALLENGING THE DECISION OF ANACOM - AUTORIDADE NACIONAL DE COMUNICACOES, REGARDING PARAMETERS OF QUALITY OF SERVICE AND PERFORMANCE TARGETS FOR UNIVERSAL POSTAL SERVICE (USO).SAYS IS APPLYING FOR A DECLARATION OF INVALIDITY BY MEANS OF ARBITRATION AND ADMINISTRATIVE PROCEDURES.IN THE EVENT ANACOM'S DECISION IS NOT DECLARED INVALID, CTT SUBMITS A SUBSIDIARY CLAIM FOR COMPENSATION UNDER THE USO CONCESSION AGREEMENT.ESTIMATES ADDITIONAL COSTS OF UP TO 12 MILLION EUROS PER YEAR IN THE TWO YEARS UNTIL 2020 TO BRING COMPANY CLOSER TO ACHIEVING THE SET TARGETS OF REGULATORY FRAMEWORK.  Full Article

GreenWood Investors Increases Voting Rights in CTT To 5 Pct
Monday, 20 Aug 2018 01:24am EDT 

Aug 20 (Reuters) - CTT Correios de Portugal SA (CTT) ::SAID ON FRIDAY GREENWOOD INVESTORS LLC NOW HOLDS 5 PERCENT OF VOTING RIGHTS IN CTT VERSUS PREVIOUSLY STATED 2.32 PERCENT.  Full Article

CTT: Greenwood Investors Reaches 2.32 Percent Stake
Wednesday, 27 Jun 2018 12:10pm EDT 

June 27 (Reuters) - CTT Correios de Portugal SA ::GREENWOOD INVESTORS LLC FROM UNITED STATES REACHES 2.32 PERCENT STAKE IN CTT.  Full Article

CTT And Sonae To Create JV And Exploit Business Opportunity In E-Commerce Market
Friday, 15 Jun 2018 01:40am EDT 

June 15 (Reuters) - CTT Correios de Portugal SA ::SAID ON THURSDAY ENTERED INTO AGREEMENT WITH SONAE SGPS SA TO CREATE JOINT VENTURE TO EXPLOIT BUSINESS OPPORTUNITY IN E-COMMERCE MARKET.SAYS CREATED COMPANY WILL HAVE SONAE (50 PERCENT) AND CTT (50 PERCENT) AS ITS SHAREHOLDERS.IMPLEMENTATION OF PROJECT INVOLVES INVESTMENT OF 10 TO 15 MILLION EUROS IN FIRST TWO YEARS OF OPERATION, EQUALLY SPLIT BETWEEN THE TWO COMPANIES.CREATED E-COMMERCE PLATFORM TO PROVIDE INTEGRATED SERVICES FOR INTERMEDIATION OF COMMERCIAL RELATIONS BETWEEN SELLERS AND CONSUMERS.  Full Article

CTT To Sell Property In Lisbon For 10.3 Mln Euros
Tuesday, 15 May 2018 11:59am EDT 

May 15 (Reuters) - CTT Correios de Portugal SA ::SAYS SIGNS 10.3 MILLION EURO REAL ESTATE SALE PROMISSORY AGREEMENT FOR PROPERTY IN LISBON.SAYS DEAL WILL REPRESENT PRE-TAX ACCOUNTING GAIN OF APPROXIMATELY 8.5 MILLION EUROS.  Full Article

CTT Sells Real Estate In Lisbon For 16 Mln Euros
Monday, 18 Dec 2017 01:54am EST 

Dec 18 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::SELLS REAL ESTATE IN LISBON FOR 16 MILLION EUROS WITH 2 MILLION EURO TAX IMPACT.  Full Article

Allianz Global Investors Decreases Its Voting Rights In CTT To Below 2 Pct
Tuesday, 28 Nov 2017 11:58am EST 

Nov 28 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::SAYS ALLIANZ GLOBAL INVESTORS REDUCES ITS STAKE IN COMPANY TO 1.85 PERCENT.  Full Article

CTT 9-month recurring EBITDA down 25.1 pct YoY
Tuesday, 31 Oct 2017 02:00pm EDT 

Oct 31 (Reuters) - CTT CORREIOS DE PORTUGAL SA :9-MONTH RECURRING EBITDA 68.1 MILLION EUROS VERSUS 91.0 MILLION EUROS YEAR AGO.9-MONTH RECURRING REVENUE 518.0 MILLION EUROS VERSUS 517.1 MILLION EUROS YEAR AGO.9-MONTH REPORTED NET PROFIT 19.5 MILLION EUROS VERSUS 46.0 MILLION EUROS YEAR AGO.NOW EXPECTS TO ACHIEVE RECURRING EBITDA AROUND 20 PERCENT BELOW THE INITIAL FY17 GUIDANCE.GIVEN EBITDA EVOLUTION BOARD INTENDS TO PROPOSE FY17 DIVIDEND OF ABOUT 0.38 EURO/SHARE, PAYABLE IN 2018.9-MONTH FINANCIAL SERVICES REVENUE 48.2 MILLION EUROS VERSUS 53.4 MILLION EUROS YEAR AGO.  Full Article

CTT and Brazil's ECT sign deals to improve express mail products
Wednesday, 18 Oct 2017 07:45am EDT 

Oct 18 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::SIGNS DEALS WITH BRAZILIAN POSTAL SERVICES OPERATOR (ECT) TO IMPROVE EFFICIENCY OF EXPRESS MAIL PRODUCTS.  Full Article

BRAZIL FEDERAL PROSECUTORS INVESTIGATING WHETHER GUEDES LINKED TO SCHEME INVOLVING PENSION FUNDS FOR BANCO DO BRASIL, PETROBRAS, CAIXA FEDERAL AND CORREIOS

BRAZIL FEDERAL PROSECUTORS INVESTIGATING WHETHER GUEDES LINKED TO SCHEME INVOLVING PENSION FUNDS FOR BANCO DO BRASIL, PETROBRAS, CAIXA FEDERAL AND CORREIOS