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    CTT   PTCTT0AM0001

CTT-CORREIOS DE PORTUGAL, S.A.

(CTT)
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CTT Correios de Portugal S A : Approval by the Council of Ministers of the decree amending the Postal Law

12/23/2021 | 12:57pm EDT

CTT - Correios de Portugal, S.A.

Public Company Avenida D. João II, 13 1999-001 LISBON

Lisbon commercial registry and fiscal no. 500 077 568

Share Capital EUR 75,000,000.00

Announcement - Lisbon, 23 December 2021

Material information

CTT - Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that the Council of Ministers in its meeting held today approved the decree amending the Postal Law, which will now have to be promulgated by His Excellency the President of the Republic.

This amendment establishes the legal framework applicable to the provision of postal services in the national territory, as well as international services with origin or destination in the national territory, incorporating some adjustments relative to pricing and quality of service taking into account the evolution of the universal postal service.

CTT considers that this is an important and necessary step towards the signing of the new concession agreement, which follows the direct award procedure aimed at appointing CTT as the provider of the universal postal service.

This information to the market and the general public is made under the terms and for the purposes of article 248-A of the Portuguese Securities Code and other legislation in force in Portugal. It is also available on CTT website at: https://www.ctt.pt/grupo-ctt/investidores/comunicados/index?language_id=1.

CTT - Correios de Portugal, S.A.

Guy Pacheco

Market Relations Representative of CTT

Nuno Vieira

Head of Investor Relations of CTT

Contacts:

Email: investors@ctt.pt I Fax: + 351 210 471 996 I Phone: + 351 210 471 087

www.ctt.pt

Disclaimer

CTT – Correios de Portugal SA published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 17:56:01 UTC.


© Publicnow 2021
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Financials
Sales 2022 903 M 969 M 969 M
Net income 2022 40,0 M 42,9 M 42,9 M
Net Debt 2022 39,0 M 41,8 M 41,8 M
P/E ratio 2022 13,7x
Yield 2022 3,25%
Capitalization 549 M 589 M 589 M
EV / Sales 2022 0,65x
EV / Sales 2023 0,56x
Nbr of Employees 11 283
Free-Float 70,6%
Chart CTT-CORREIOS DE PORTUGAL, S.A.
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CTT-Correios de Portugal, S.A. Technical Analysis Chart | CTT | PTCTT0AM0001 | MarketScreener
Technical analysis trends CTT-CORREIOS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 3,70 €
Average target price 5,10 €
Spread / Average Target 38,0%
EPS Revisions
Managers and Directors
João Afonso Ramalho Sopas Pereira Bento Chief Executive Officer & Executive Director
Guy Patrick Guimarães de Goyri Pacheco Chief Financial Officer & Executive Director
Raul Catarino Galamba de Oliveira Chairman
João Miguel Gaspar da Silva Head-Operations
Maria Luísa C. F. L. de C. A. Correia Independent Non-Executive Director
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