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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

CTT profits fell 25.9% to 5.5 million in the first quarter

Operational revenues have reached 288.5 million euros in the first three months of the year, marking a 9.5% increase year-on-year. This growth has been driven by logistics, which rose 7%, with significant contributions from the express and parcel sector, which surged by 23%, and the banking and financial services sector, which saw a 25.4% increase. The latter is attributed primarily to the recovery in public debt placement observed since the end of 2024.

In the first quarter, EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 17.2% to 39.9 million euros.

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