CTT Portugal Post saw total revenue increase 4.5% in 2019, driven by strong volume growth for its domestic parcel operations and increased banking activity.

The post’s banking subsidiary completed the acquisition of car loan company 321 Crédito mid-year. Total revenue for Banco CTT increased 87.2% year on year.

 

Parcel volumes delivered in Portugal increased 11.2% in 2019, driven by new customer acquisitions. Meanwhile, volumes delivered in Spain fell sharply. As a result, revenue for the Express and Parcels division grew only steadily in 2019.  For more details download the latest IPC Carrier Intelligence Report for CTT Portugal Post.

 

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