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CTT Goes From Losses To Profits Of € 17.2 Million Per Semester – Companies



CTT buys NewSpring and holding for seven million - Companies

CTT ended the first six months of 2021 with a profit of € 17.2 million, which is comparable to a € 2 million loss recorded in the same period last year. The growth was “primarily driven by growth in current EBIT,” the company said in a statement.

In a statement sent to the Securities Market Commission this Thursday, the postal group shows that operating income rose 18.2% to € 412.8 million, up 63.6 million from the same period in 2020. …

The Express & Parcels business maintained its growth path, increasing 47.8% to € 125.8 million, reaching “new revenue peaks”. This segment benefited from “the strong performance of the Iberian region, where Spain performed well in the stated strategy,” with 79.5% growth. In Portugal, business grew by 29.6%. From January to June, Spain accounted for almost half (45.5%) of the revenues of the Express and Parcels segment, up 8 percentage points from the same period last year. In Portugal and Spain, 35.8 million transactions were concluded, which is 59.6% more than in the first half of 2020. CTT Expresso Espanha broke even on EBITDA in the second quarter with € 1.5 million and € 1.3 million per semester. The result exceeded the company’s forecasts. CTT Expresso Espanha’s recurring EBIT also broke even in the second quarter.

The company says its growth strategy remains in Spain. “To increase bandwidth and coverage” in the neighboring country, four new operating centers are planned until 2022, “therefore, work in Spain is ready for the expected growth in the coming quarters.”

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According to the postal group, “These investments, together with the already observed growth and new business processes in terms of software distribution, new partner reward models and renegotiation of existing contracts, reduced the variable and, as a result, increased the company’s profitability. operation in Spain “.

Scratch cards drive retail

In turn, Correio’s profit increased by 6.6% to 216.1 million euros, which the company, headed by João Bento, classifies as “stable in light of the economic context and the secular trend in the postal services”.

The result was “growth in transactional mail revenues (+ 7.1%), which benefited from an increased contribution of higher value-added products that also have higher unit costs and less dependence on regular mail”, which share in revenue rose from 37% to 34%, justifies the company. The weight of registered and incoming international mail increased from 34% to 37%, which also contributed to the improvement.

Business decisions were down 14.3% due to “significant drop in PPE selling prices and high sales volumes achieved” in the second quarter of last year.

In the financial services and retail segment, operating profit increased by 10.3% to 23.7 million euros. Financial services revenues were down 2.2% while CTT payment services were up 11.9%. Retail goods and services grew by 50.8%, mainly due to the gaming business, which grew by 125.5%, “thanks to the introduction of scratch cards in 4Q20 and the gradual expansion of sales across the entire retail network. The shops”.

CTT Bank with moratorium 725

Banco CTT ended the semester with a 19% increase in operating profit to € 45.7 million. Net interest income increased by 20.4% to € 25.7 million

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The company underlines the partnership it signed with Sonae Financial Services in April, with which Banco CTT became the sole lender.
in relation to the loan portfolio of Cartão Universo. The company had revenues in the second quarter of 2.6 million euros and a net book value of 185.5 million.

The production of mortgage loans fell 18.5% to 69.3 million euros, “reflecting the impact of the economic downturn caused by the context of the pandemic.”

Customer deposits increased by 12.9% compared to December 2020 and amounted to 1,906.7 million euros, and 26 thousand new accounts were created, the total number of which is 543 thousand.

According to the company, as of June 30, 2021, 725 loans were overdue, which corresponds to 40.1 million euros, of which 30.8 million are mortgage loans. This amount is 3.3% of the total aggregate loan portfolio of clients. “Of the total number of moratoriums implemented, about 2.9 million euros with delays of more than 30 days, which is about 11% of the total number of private defaults that ended on September 30, 2020,” the company said.

CTT expects concession agreement “on time”

Operating expenses rose 10.9% to EUR 381.8 million. Staff costs increased by 4.2%. As of June 30, CTT employed 246 more people than in the same period last year, with a total of 12,261 people.

Impairment and provisions were reduced by 47.7% “as a result of a revised credit risk matrices and an improved economic environment, given that the same period was hit hard by the pandemic and uncertainty, especially in terms of self-sufficiency.”

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In the first half of the year, investments increased by 7.6% to 11.7 million euros, with an emphasis on express delivery and parcels.

The company expects 2021 to “continue to be marked by the unfolding of the COVID-19 pandemic” and a “context of high uncertainty,” which should still result in CTT reaching 60 million EBIT over 2020.

The postal group also refers to the process associated with the new concession agreement. “We reaffirm our confidence that it will be formalized during the renewal period. This should improve CTT’s ability to meet its universal service commitment in a more sustainable framework. ”

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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