Ctt Correios Portgl Sa (CTTOF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to CTT's first quarter 2026 results conference call. This event is hosted by Mr. Gui Pacheco, CEO of CTT, and by Mr. João Sousa, CCO of CTT. Please note that this conference is being recorded. For the duration of the call, your microphones will be disabled. We will have a Q&A session at the end of the presentation. and analysts will have the opportunity to ask questions. To do so, simply click on the button to raise your hands and we will give you access to the microphone. If you are dialing from a phone line, press star 9 to raise your hands and star 6 to unmute yourself. I'll now turn the call over to Mr. Guipacheco, CEO. Good morning to you all and thank you for attending our first Q conference call. I would invite you to start our presentation on slide number four, where we show a quota of resilient growth with 4.3% growth with our growth areas performing well. Passos and Banco CTT showing growth acceleration. Although, as anticipated, our profitability was impacted by a number of congenital impacts, namely the Middle East crisis and new regulation introduction in parcels, concentrated peak volumes that spilled over to the first quarter, and the storms that affected the centre of Portugal due to the hurricane Christine. And with that, our EBIT declines 35.3% year-on-year on a comparable basis. These events were contained in April, and April is showing strong signs of improvements, with SEP volumes accelerating, e-commerce solutions, recurring EBIT also improving sequentially, and the public debt placements showing signs of strong recovery and should improve further with revision of the limits that government announced last week. On page five, we can see the e-commerce solutions volumes, where we continue to see strong volume evolution with anoth...