Portugal CTT sees 180 Mln Euro turnover from Express Mail Service

Portugal’s postal operator CTT-Correios de Portugal projects to generate an annual turnover between 175 mln euro ($209.6 mln) and 180 mln euro ($215.6 mln) from its express mail service operations, it was reported on October 11, 2005.

CTT express mail service growth is seen in line with the recent purchase of Spanish courier services company Tourline Express, which will be responsible for CTT’s express mail services in Spain. CTT acquired Tourline Express in July 2005 for 27.5 mln euro ($32.9 mln).

Currently CTT and Tourline Express generate some 155 mln euro ($215.6 mln).

(Editor’s note: The Tourline Express acquisition was part of CTT’s strategy project for expansion on the international market in the next few years, the Portuguese News Digest reported on September 23, 2005.)

http://www.negocios.pt,http://www.aiidatapro.com