CTT - Correios De Portugal, S.A. (CTTOF)

CTTOF Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	988.58	965.85	844.61	788.58	757.73	672.85
Other Revenue	213.1	211.16	166.18	112.52	83.34	65.65
Revenue	1,202	1,177	1,011	901.1	841.07	738.5
Revenue Growth (YoY)	17.70%	16.45%	12.17%	7.14%	13.89%	0.71%
Cost of Revenue	439.32	429.61	404.25	429.92	398.28	366.17
Gross Profit	762.36	747.4	606.54	471.19	442.79	372.33
Selling, General & Admin	519.9	503.66	394.02	343.22	330.36	256.14
Other Operating Expenses	15.11	14.29	33.08	8.12	6.09	7.66
Operating Expenses	613.02	594.48	500.1	420.31	397.19	331.76
Operating Income	149.34	152.92	106.44	50.87	45.6	40.57
Interest Expense	-96.96	-96.87	-50.73	-15.86	-10.59	-6.43
Interest & Investment Income	0.61	0.42	0.63	0.03	0.03	0.02
Earnings From Equity Investments	-0.01	-0	-0	-0.19	-2.56	-1.74
Currency Exchange Gain (Loss)	0.38	0.38	0.63	0.72	-0.33	-0.85
Other Non Operating Income (Expenses)	0.06	-	-0	-	-	-0.09
EBT Excluding Unusual Items	53.42	56.85	56.97	35.58	32.15	31.48
Merger & Restructuring Charges	-	-	-	-	0.77	-0.05
Gain (Loss) on Sale of Investments	-0.48	-0.47	0.99	11.11	18.88	-8.54
Gain (Loss) on Sale of Assets	0.53	0.51	0.19	3.57	0.96	0.49
Asset Writedown	0.19	0.19	3.64	-3.33	-2.08	0.21
Legal Settlements	-0.95	-0.74	-0.24	-0.21	0.13	-0.46
Pretax Income	52.71	56.34	61.54	46.71	50.81	23.13
Income Tax Expense	7.14	9.31	1.1	10.37	12.22	6.36
Earnings From Continuing Operations	45.58	47.03	60.44	36.34	38.59	16.77
Minority Interest in Earnings	-1.96	-1.5	0.07	0.06	-0.19	-0.1
Net Income	43.61	45.54	60.51	36.41	38.4	16.67
Net Income to Common	43.61	45.54	60.51	36.41	38.4	16.67
Net Income Growth	-15.82%	-24.75%	66.21%	-5.20%	130.39%	-42.91%
Shares Outstanding (Basic)	136	137	142	147	149	150
Shares Outstanding (Diluted)	136	137	142	147	149	150
Shares Change (YoY)	-3.40%	-3.38%	-3.67%	-1.32%	-0.57%	-
EPS (Basic)	0.32	0.33	0.43	0.25	0.26	0.11
EPS (Diluted)	0.32	0.33	0.43	0.25	0.26	0.11
EPS Growth	-12.86%	-22.68%	72.55%	-3.94%	134.09%	-42.10%
Free Cash Flow	511.43	911.17	991.94	143.95	36.53	257.59
Free Cash Flow Per Share	3.77	6.65	7.00	0.98	0.24	1.72
Dividend Per Share	0.170	0.170	0.170	0.125	0.120	0.085
Dividend Growth	-	-	36.00%	4.17%	41.18%	-
Gross Margin	63.44%	63.50%	60.01%	52.29%	52.65%	50.42%
Operating Margin	12.43%	12.99%	10.53%	5.65%	5.42%	5.49%
Profit Margin	3.63%	3.87%	5.99%	4.04%	4.57%	2.26%
Free Cash Flow Margin	42.56%	77.41%	98.13%	15.97%	4.34%	34.88%
EBITDA	166.73	174.3	126.69	72.36	65.63	61.75
EBITDA Margin	13.88%	14.81%	12.53%	8.03%	7.80%	8.36%
D&A For EBITDA	17.39	21.38	20.25	21.48	20.03	21.18
EBIT	149.34	152.92	106.44	50.87	45.6	40.57
EBIT Margin	12.43%	12.99%	10.53%	5.65%	5.42%	5.49%
Effective Tax Rate	13.54%	16.52%	1.78%	22.20%	24.04%	27.50%
Revenue as Reported	1,132	1,107	985.22	906.62	847.87	745.24

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.