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07/31/2017 | 09:00pm CEST

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1st Half 2017

Recurring Revenues access by 0.8% afterward the 1.3% advance of the Sales and Services Rendered of the Express & Accoutrements and the Financial Services business units, as able-bodied as the €1.1m Net Interest Assets of Banco CTT. The absolute change of the revenues admitting the abatement of added operating assets was mostly due to the cessation of the acceding with Altice which had a abrogating appulse of €5m in the semester. Excluding this impact, revenues grew by 2.3%.

Addressed mail volumes abatement by 5.6%, afflicted by one beneath alive day in the 2nd division than in the aforementioned aeon of the antecedent year, decidedly during the ages of April which had beneath 2 alive canicule due to Easter holidays, which in the year of 2016 occurred in March. The abatement in volumes was mitigated by the amount access that took aftereffect on 4 April 2017 and by the absolute change of the artefact mix (registered mail and all-embracing mail volumes growth) that led to a 5.5% access in boilerplate revenues per account in the division

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