CTTOF - CTT - Correios De Portugal S.A. (CTTPY) Q1 2024 Earnings Call Transcript
2024-05-03 08:25:23 ET
CTT - Correios De Portugal, S.A. (CTTPY)
Q1 2024 Earnings Conference Call
May 3, 2024, 4:00 am ET
Company Participants
Joao Bento - CEO
Joao Sousa - Member, Board of Directors
Guy Pacheco - CFO
Conference Call Participants
Filipe Leite - CaixaBank
João Safara - Banco Santander
António Seladas - AS Independent Research
Presentation
Operator
Hello, and welcome to CTT First Quarter 2024 Results Conference Call. My name is Sergey, and I will be your coordinator for today's event. Please note, this conference is being recorded. And for the duration of the call, your lines will be in a listen-only mode. However, you'll have the opportunity to ask questions at the end of the presentation. [Operator Instructions].
I'll now turn the call over to Mr. Joao Bento, CEO. Please go ahead, sir.
Joao Bento
Thank you, Sergey. Good morning, everyone. Welcome to our first quarter results call.
If you join me on Page number 4 of the presentation, I would start to call your occasion the fact that we had revenue growth in all business areas except the financial services, mostly as a result of market expansion and share gains both from parcels and the bank. In fact, the decline in financial services was more than offset in revenues, although not yet in margin, given the performance that we can see on the right-hand side....
CTT - Correios De Portugal, S.A. (CTTPY) Q1 2024 Earnings Call Transcript