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CTT Correios de Portugal SA (CTT.LS)

CTT.LS on Lisbon Stock Exchange

2.96EUR
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Latest Key Developments (Source: Significant Developments)

BNP Paribas Asset Managament Decreases Its Voting Rights In CTT To 1.96 Pct
Friday, 16 Mar 2018 12:58pm EDT 

March 16 (Reuters) - CTT CORREIOS DA PORTUGAL SA ::SAYS BNP PARIBAS ASSET MANAGAMENT NOW HOLDS 1.96 PERCENT OF VOTING RIGHTS IN CTT VERSUS PREVIOUSLY STATED 4.85 PERCENT.  Full Article

CTT Informs About Spanish Competition Regulator's Decision On Unit Tourline
Monday, 12 Mar 2018 03:02am EDT 

March 12 (Reuters) - CTT CORREIOS DE PORTUGAL SA (CTT) ::SAID ON FRIDAY ITS UNIT TOURLINE EXPRESS MENSAJERIA SLU WAS NOTIFIED OF SPANISH COMPETITION REGULATOR'S DECISION TO IMPOSE ON IT A 3.1 MILLION EURO FINE.FINE IN THE CONTEXT OF PROCEEDINGS AGAINST 10 COMPANIES OPERATING IN THE EXPRESS AND PARCELS MARKET IN SPAIN nFWN1QR0FH.FINE IMPOSED FOR ALLEGED CARTEL PRACTICE WITH ICS INTERNATIONAL COURIER SOLUTIONS SL BETWEEN OCTOBER 2013 AND APRIL 2016.TOURLINE CONSIDERS THE DECISION UNFOUNDED AND WILL APPEAL TO THE COMPETENT COURT.  Full Article

CTT FY Reported Net Profit Down 56.1 Pct At 27.3 Mln Euros YoY
Wednesday, 7 Mar 2018 12:44pm EST 

March 7 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::FY REPORTED NET PROFIT 27.3 MILLION EUROS VERSUS 62.2 MILLION EUROS YEAR AGO.FY RECURRING EBITDA 89.9 MILLION EUROS VERSUS 119.5 MILLION EUROS YEAR AGO.FY RECURRING REVENUE 697.9 MILLION EUROS VERSUS 695.1 MILLION EUROS YEAR AGO.SETS GOAL FOR SLIGHT GROWTH IN REVENUES AND STABLE RECURRING EBITDA LEVELS IN 2018‍​.SAYS DECLINE IN ADDRESSED MAIL VOLUMES EXPECTED TO BE IN -5 PERCENT TO -6 PERCENT RANGE IN 2018‍​.SEES OPERATIONAL TRANSFORMATION PLAN INITIATIVES WITH ESTIMATED C. 20 MILLION EURO IMPACT ON NON-RECURRING OPERATING COSTS IN 2018.PROPOSES DIVIDEND OF €0.38 PER SHARE FOR FY17, PAYABLE IN MAY 18‍​.SEES 35 MILLION EUROS OF CAPEX, PART OF WHICH RELATED TO OPERATIONAL TRANSFORMATION PLAN.  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

CTT says Wellington Management Group holds 2.07 pct in CTT‍​
Tuesday, 5 Sep 2017 12:43pm EDT 

Sept 5 (Reuters) - CTT Correios De Portugal SA ::SAYS WELLINGTON MANAGEMENT GROUP INDIRECTLY HOLDS 2.07 PERCENT OF VOTING RIGHTS IN CTT‍​.  Full Article

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