Chronopost International Portugal Q1 2006 Turnover Up 11.5 Pct Y/Y

Chronopost International Portugal, the local unit of French postal operator Chronopost International, generated a turnover of more than 7.8 mln euro ($9.96 mln) in the first quarter of 2006, up 11.5 pct year-on-year, Portuguese economic news portal Agencia Financeira reported on May 24, 2006.

The number of orders processed by the company in the period exceeded 1.2 million, up 12 pct.

The strong first quarter 2006 earnings results reinforced Chronopost International Portugal leading position among the private mail delivering companies in the country, the CEO for Portugal, Olivier Establet, said. The turnover rise reflected a strategy for boosting the productivity and improvement of the human resources qualification. The company is analysing also possibilities for growing through acquisitions on the Portuguese market, Establet added.

Chronopost International Portugal (www.pt.chronopost.com) specialises in express delivering of documents and small parcels. The company is leader in the segment of the business-to-business express transport services on the domestic market.

(Note: All figures/comparisons are for Q1 2006/Q1 2005.)

http://www.agenciafinanceira.iol.pt

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