CTT-Correios de Portugal SA (STU:C7T)
€ 4.435 0.13 (3.02%) Market Cap: 602.52 Mil Enterprise Value: -1.47 Bil PE Ratio: 11.42 PB Ratio: 2.44 GF Score: 86/100
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Full Year 2022 CTT Correios de Portugal SA Earnings Call Transcript

Mar 17, 2023 / 09:00AM GMT
Release Date Price: €3.45 (-3.09%)
Operator

Hello, and welcome to the CTT Full Year 2022 Results Conference. My name is George. I will be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions) I would like to hand the call over to your host, Mr. João Bento, CEO; and Mr. Guy Pacheco, CFO, to begin today's conference. Please go ahead, gentlemen.

JoÃ;o Afonso Ramalho Sopas Pereira Bento
CTT - Correios De Portugal, S.A. - CEO & Executive Director

£ -

Good morning, everyone. Welcome to our 2022 final year results presentation. I would invite you to follow me through the presentation, so if we start on Slide #4. So our main highlights for this, of course, that we have been able to meet the guidance in a quite challenging macro environment.

Looking at the left bottom -- sorry, top bottom left corner, starting with Parcels in Portugal. We've observed a recovery of volumes along the year, starting from a decline of 7% in the first quarter to an improvement of 12% in fourth, a steady monotonic improvement.

While in Spain,

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