CTT - Correios De Portugal, S.A. (ELI: CTT)

CTT Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	885.25	844.61	788.58	757.73	672.85	688.02
Other Revenue	196	166.18	112.52	83.34	65.65	45.26
Revenue	1,081	1,011	901.1	841.07	738.5	733.28
Revenue Growth (YoY)	14.66%	12.17%	7.14%	13.89%	0.71%	4.09%
Cost of Revenue	399.19	404.25	429.92	398.28	366.17	364.83
Gross Profit	682.06	606.54	471.19	442.79	372.33	368.45
Selling, General & Admin	448.67	394.02	343.22	330.36	256.14	242.78
Other Operating Expenses	33.4	33.08	8.12	6.09	7.66	7.1
Operating Expenses	554.33	500.1	420.31	397.19	331.76	312.4
Operating Income	127.72	106.44	50.87	45.6	40.57	56.05
Interest Expense	-78.48	-50.73	-15.86	-10.59	-6.43	-6.7
Interest & Investment Income	0.18	0.63	0.03	0.03	0.02	0.04
Earnings From Equity Investments	-0	-0	-0.19	-2.56	-1.74	-1.4
Currency Exchange Gain (Loss)	0.63	0.63	0.72	-0.33	-0.85	0.05
Other Non Operating Income (Expenses)	0.06	-0	-	-	-0.09	-10.84
EBT Excluding Unusual Items	50.11	56.97	35.58	32.15	31.48	37.2
Merger & Restructuring Charges	-	-	-	0.77	-0.05	0.76
Gain (Loss) on Sale of Investments	0.53	0.99	11.11	18.88	-8.54	-3.1
Gain (Loss) on Sale of Assets	0.21	0.19	3.57	0.96	0.49	0.49
Asset Writedown	3.64	3.64	-3.33	-2.08	0.21	0.5
Legal Settlements	-0.85	-0.24	-0.21	0.13	-0.46	-0.32
Pretax Income	53.64	61.54	46.71	50.81	23.13	35.53
Income Tax Expense	-0.97	1.1	10.37	12.22	6.36	6.24
Earnings From Continuing Operations	54.61	60.44	36.34	38.59	16.77	29.28
Minority Interest in Earnings	-0.33	0.07	0.06	-0.19	-0.1	-0.09
Net Income	54.27	60.51	36.41	38.4	16.67	29.2
Net Income to Common	54.27	60.51	36.41	38.4	16.67	29.2
Net Income Growth	13.29%	66.21%	-5.20%	130.39%	-42.91%	35.80%
Shares Outstanding (Basic)	139	142	147	149	150	150
Shares Outstanding (Diluted)	139	142	147	149	150	150
Shares Change (YoY)	-4.29%	-3.67%	-1.32%	-0.57%	-	-
EPS (Basic)	0.39	0.43	0.25	0.26	0.11	0.19
EPS (Diluted)	0.39	0.43	0.25	0.26	0.11	0.19
EPS Growth	18.37%	72.55%	-3.94%	134.09%	-42.11%	35.71%
Free Cash Flow	1,622	991.94	143.95	36.53	257.59	287.39
Free Cash Flow Per Share	11.63	7.00	0.98	0.24	1.72	1.92
Dividend Per Share	0.170	0.170	0.125	0.120	0.085	-
Dividend Growth	36.00%	36.00%	4.17%	41.18%	-	-
Gross Margin	63.08%	60.01%	52.29%	52.65%	50.42%	50.25%
Operating Margin	11.81%	10.53%	5.65%	5.42%	5.49%	7.64%
Profit Margin	5.02%	5.99%	4.04%	4.57%	2.26%	3.98%
Free Cash Flow Margin	150.04%	98.14%	15.97%	4.34%	34.88%	39.19%
EBITDA	141.4	126.69	72.36	65.63	61.75	76.39
EBITDA Margin	13.08%	12.53%	8.03%	7.80%	8.36%	10.42%
D&A For EBITDA	13.68	20.25	21.48	20.03	21.18	20.33
EBIT	127.72	106.44	50.87	45.6	40.57	56.05
EBIT Margin	11.81%	10.53%	5.65%	5.42%	5.49%	7.64%
Effective Tax Rate	-	1.78%	22.20%	24.04%	27.50%	17.57%
Revenue as Reported	1,029	985.22	906.62	847.87	745.24	740.29

Source: S&P Capital IQ. Standard template. Financial Sources.