Ctt Correios Portgl Sa (CTTOF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to CTT's 9 months 25 results conference call. This event is hosted by Mr. João Bento, CEO of CTT, by Mr. Gui Pacheco, CFO of CTT, and by Mr. João Sousa, CCO of CTT. Please note that this conference call 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 hand and we will give you access to the microphone. If you are dialing from the phone line, press star nine to raise your hand and star six to unmute yourself. I'll now turn the call over to Mr. João Bento, CEO. Good morning, everyone. Welcome to our third quarter results presentation. I would invite you to follow us through the presentation that has been distributed yesterday evening. So if we move to the first slide, slide number four, we have a plot of the bridge of the revenue and EBIT in the quarter. with, I would call, resilient organic growth, revenues growing 6%, recurring EBIT doubling that, 12%, with positive contributions from all the business lines in terms of revenues. This 6.1% are in fact 17.2% taking into account the contribution of CACESA. And on EBIT, the performer growth of 12.3% corresponds in fact to 38.1%, which illustrates how competitive the addition of CACESA represented to our e-commerce solutions portfolio. Moving to slide number two, and with additional detail on the growth of parcels volumes, we see a comparison between second quarter and third quarter with a slight sequential improvement in e-commerce volumes. But we have to take into account that there were a couple of events very significant in the end of September that somehow impacted volumes in the quarter. Indeed...