Q1 2022 CTT Correios de Portugal SA Earnings Call Transcript

Feb 13, 2024

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May 06, 2022 / 08:00AM GMT
Operator

Good day and thank you for standing by. Welcome to the CTT First Quarter 2022 Results Webcast and Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Mr. Bento. Please go ahead.

JoÃ£o Afonso Ramalho Sopas Pereira Bento - CTT - Correios De Portugal, S.A. - CEO & Executive Director

Thank you. Good morning, everyone. Welcome to our results presentation webcast. I would invite you to follow me through the presentation. So moving to Slide 4, which is in fact the first slide. Our key takeaways for the quarter are that we have what we call a transitory slowdown in E&P and also the impact of investments in capacity to enable foreseen growth that have impacted the quarter results. On Mail, we've seen revenues penalized by a slowdown in e-commerce and adverse evolution of the mix of Mail. And in spite of that, the earnings momentum is improving following regulated price increase as we're going to

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