CTT revealed an ambitious plan to become the logistics and e-commerce “market leaders” in the Iberian Peninsula by 2028, with the strategic collaboration of DHL.
The announcement was made this Tuesday, 4th, the day on which the Capital Markets Dayan event that the company’s CEO, João Bento, has already labeled “glorious”.
CTT reinforces its operating income forecast for this year, estimating a total of between 1.6 and 1.7 billion euros by 2028, and a forecast EBIT of between 170 and 195 million euros.
In terms of shareholder remuneration, CTT intends to continue distributing between 35% and 50% of net profit in the form of recurring dividends over the next three years.
With regard to Banco CTT, the group’s goal is to reach one million accounts, increase business volumes to a range between 12 and 14 million euros, and almost double profits before taxes, which should reach 26 million in 2024, reinvesting all profits.
CTT presents new “reporting structure”
In the statement sent this Tuesday to the Securities Market Commission (CMVM), CTT announced a reformulation of its “reporting structure”, which will be implemented as of the 2025 annual results. The new approach aims to simplify and rationalize the company’s communication with the market, focusing on three main business areas.
The first area, “Electronic Commerce Solutions”, will include CTT Expresso’s operations in Portugal and Spain, as well as Cacesa. In 2024, this segment generated revenues of 584 million euros and an EBIT of 54 million euros, considering the full consolidation of Cacesa.
The second area, “Mail and Services”, will encompass the former “Mail and Others” and “Financial Services” segments, in addition to other Express and Parcel businesses that are not included in the partnership with DHL, such as Decopharma, Fundo 1520 and the operation in Mozambique. This segment achieved revenues of 509 million euros and an EBIT of 22 million euros in 2024.
Finally, “Banco CTT” will maintain its current structure, representing the consolidation perimeter of the bank majority owned by the group. In 2024, the bank recorded revenues of 130 million euros and a recurring EBIT of 27 million euros. This new configuration aims to provide a clearer and more direct view of the performance of the company’s different areas of activity.
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