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CTT Correios de Portugal SA (CTT.LS)

CTT.LS on Lisbon Stock Exchange

3.02EUR
22 Jun 2018
Change (% chg)

€0.03 (+0.94%)
Prev Close
€2.99
Open
€2.98
Day's High
€3.06
Day's Low
€2.97
Volume
1,399,250
Avg. Vol
1,189,475
52-wk High
€5.66
52-wk Low
€2.68

Latest Key Developments (Source: Significant Developments)

CTT And Sonae To Create JV And Exploit Business Opportunity In E-Commerce Market
Friday, 15 Jun 2018 

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 

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 

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 

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 

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 

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

Manuel Carlos de Mello Champalimaud reaches 8.5 pct stake in CTT
Thursday, 25 Aug 2016 

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 

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 

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

CTT H1 recurring EBITDA down at 62.5 million euros
Thursday, 4 Aug 2016 

CTT Correios de Portugal SA : H1 recurring revenue 349.4 million euros ($389.09 million) versus 367.1 million euros year ago . H1 net profit 31.7 million euros versus average analysts forecast of 36.6 million euros . H1 recurring EBITDA 62.5 million euros versus 75.5 million euros year ago .Changes recurring EBITDA (Excluding Banco CTT) FY 2016 guidance to "low single-digit growth" from "mid-single digit growth".  Full Article