CTT closes an eventful 2014, year of transition to full private ownership, reporting a strong set of results delivering on the promise from the IPO. CTT achieved a strong growth in recurring EBITDA to €135.1m (+9.9%) and in Net profit to €77.2m (+26.5% vis-à-vis €61.0m in 2013).
These results were essentially driven by the growth in revenues to €718.8m (+2.0%) – reversing 5 consecutive years of revenue decline, cost control initiatives and the implementation of structural changes that have allowed to maximise the company’s efficiency, flexibility and sustainability.