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    CTT   PTCTT0AM0001

CTT-CORREIOS DE PORTUGAL, S.A.

(CTT)
  Report
Real-time Quote. Real-time Euronext Lisbonne - 12/01 11:35:22 am
4.18 EUR   +0.84%
11/08CTT - Correios de Portugal, S.A. informs about 2022 financial calendar
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11/04Results Presentation – 9 months 2021
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11/04Results Presentation – 9 months 2021 (Appendix)
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CTT Correios de Portugal S A : Conclusion of the acquisition of NewSpring Services, S.A.

08/30/2021 | 01:52pm EST

CTT - Correios de Portugal, S.A.

Public Company Avenida D. João II, 13 1999-001 LISBON

Lisbon commercial registry and fiscal no. 500 077 568

Share Capital EUR 75,000,000.00

Announcement - Lisbon, 30 August 2021

Material information

CTT - Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that on this date it has concluded the acquisition of the total share capital of NewSpring Services, S.A. ("NewSpring Services") and its holding HCCM - Outsourcing Investment, S.A. ("HCCM - Outsourcing Investment"), companies operating in the Business Process Outsourcing (BPO) and Contact Center market, for an amount of 7 million Euros (Enterprise Value), which was paid out at the closing of the transaction.

This transaction is part of CTT's Business Solutions platform consolidation strategy by improving the offer of BPO solutions, Contact Center and other business support services. With this acquisition, CTT strengthens its skills and capacities in Business Solutions, which will allow it to (1) seize the integrated offering growth opportunity in this business segment and (2) reduce its dependence on external partnerships and optimize resources by insourcing activities that are increasingly core to this business area.

Finally, it is hereby recalled that earnouts were agreed, depending on the company's activity over the

  • years following the closing date, based on the achievement of pre-defined objectives for NewSpring Services, including EBITDA targets. In 2020, NewSpring Services reported sales of 21.1 million Euros and EBITDA of 2.4 million Euros 1.

This information to the market and the general public is made under the terms and for the purposes of article 248-A of the Portuguese Securities Code and other legislation in force in Portugal. It is also available on CTT website at: https://www.ctt.pt/grupo-ctt/investidores/comunicados/index?language_id=1.

CTT - Correios de Portugal, S.A.

Guy Pacheco

Market Relations Representative of CTT

Nuno Teiga Vieira

Head of Investor Relations of CTT

Contacts:

Email: investors@ctt.pt I Fax: + 351 210 471 996 I Phone: + 351 210 471 087

  • Excluding depreciation, amortization, and specific items.

www.ctt.pt

Disclaimer

CTT – Correios de Portugal SA published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 17:51:09 UTC.


© Publicnow 2021
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Financials
Sales 2021 831 M 940 M 940 M
Net income 2021 37,9 M 42,9 M 42,9 M
Net Debt 2021 50,0 M 56,6 M 56,6 M
P/E ratio 2021 16,5x
Yield 2021 2,07%
Capitalization 621 M 703 M 702 M
EV / Sales 2021 0,81x
EV / Sales 2022 0,75x
Nbr of Employees 11 189
Free-Float 70,6%
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Technical analysis trends CTT-CORREIOS DE PORTUGAL, S.A.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 5
Last Close Price 4,18 €
Average target price 4,25 €
Spread / Average Target 1,67%
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Managers and Directors
João Afonso Ramalho Sopas Pereira Bento Chief Executive Officer & Executive Director
Guy Patrick Guimarães de Goyri Pacheco Chief Financial Officer & Executive Director
Raul Catarino Galamba de Oliveira Chairman
João Miguel Gaspar da Silva Chief Operating Officer & Director
Maria Luísa C. F. L. de C. A. Correia Independent Non-Executive Director
Sector and Competitors