Economy
CTT Goes From Losses To Profits Of € 17.2 Million Per Semester – 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.”
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
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.”
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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Economy
What factors impact financial markets?
The global financial markets are now hugely complex, with traders and analysts around the world looking closely for signs of movement. What are some of the most important factors to be aware of that impact the financial markets?
Geopolitical events
With news breaking from different countries throughout the day, many different stories could affect the markets on any given day. For instance, economic indicators such as the European Central Bank’s inflation rates and gross domestic product numbers released by each country can determine which direction the markets take. Stocks, currencies and other financial instruments can all vary depending on these areas.
Major events such as war breaking out, natural disasters and elections also have an effect. When we look at the commodities market, climate change is an issue to bear in mind, with unusual weather sometimes causing scarcity or abundance of a certain product.
An interesting aspect of the modern financial world is the way that the different markets are linked. This means that any important event or news story that affects one area could easily affect another, even if the link isn’t obvious at first sight. We can also see how local shocks and events can quickly have an effect at a global level.
The financial crisis of 2008 is a good example, as it started with a serious downturn in the US housing market. Although this appeared to be a localized issue at first, it soon revealed some major issues with the global banking setup that caused problems around the planet affecting millions of people and diverse industries.
Speculation and investment trends
The previous factors all point toward the markets changing, and there’s no shortage of traders around the world waiting to see what happens next and how they can benefit. This means that we need to take into account other issues such as speculation and investment trends in the markets.
Armed with a variety of tools, including candlestick charts, traders try to identify trends such as support and resistance levels. They use the information they glean from the charts to make their moves, which can influence the general market if enough people make the same moves or if the amounts involved are significant.
Once an investment trend begins, it can have a knock-on effect that would have been impossible to predict at the outset. The example of Bitcoin and other cryptocurrencies shows how something that starts small can grow impressively. Cryptocurrencies have now gained enough mainstream appeal to influence and disrupt many industries, from healthcare to gaming and banking.
It’s important to understand how the leaders of a company operate and how they have faced challenges in the past. If we look at banking and the Bank of New York Mellon in particular, we can see that its history can be traced back to 1784, so it has overcome all the major events that have occurred since then. With some of the biggest names in the business world making up its key institutional investors, this is a company that we would expect to react effectively to changing markets.
Regulatory changes and company results
Just about every industry represented in the financial markets has laws and regulations that govern it. This means that the fear of harsher new laws is an almost constant threat. Meanwhile, the hope that beneficial changes to the regulations help businesses prosper is the other side of this matter that investors keep a close eye on.
Let’s not forget the role played by the profit and loss results produced by major companies. It’s clear that these results have an almost immediate effect on their stock prices. However, we should also bear in mind that this effect can reach other areas of the economy. A surprising set of results for a large business can produce shock waves that travel around the market.
What impact do they cause?
From the wide variety of examples that we’ve looked at here, it’s clear that the impact isn’t going to be the same in every case. While one set of circumstances might snowball and cause a huge impact, another might cause a limited impact before the news disappears as other events overtake it.
Having said that, one of the key issues that they cause is a higher degree of market volatility. We can see how this works by looking at an area such as the COVID-19 pandemic in 2020. The markets became a lot more volatile as the different aspects of the pandemic became clear. Streaming companies, healthcare companies and video conferencing technology firms made huge profits, while airlines and hotels were among those to lose out massively.
Working out the overall impact of a particular situation is almost impossible to do now. With so many traders looking over the latest news stories and numbers with advanced tools, the original impact can quickly grow or simply disappear. Therefore, the key for investors is to understand emerging trends and react to them before it’s too late.
These details reveal how complex the global financial market is now. It’s a fascinating world, and with more information at our fingertips than ever before, it’s something that anyone can start to research and understand in their own way.
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Economy
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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Economy
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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