Brazil: Correios' EBITDA 2016-2019
The earnings before interest, taxes, depreciation, and amortization (EBITDA) of Brazilian postal services provider Empresa Brasileira de Correios e Telégrafos (ECT) has increased recently. In 2019, ECT, often referred to as Correios, generated over 675 million Brazilian reals in EBITDA, more than double from the 333.26 million reals recorded a year earlier. This represents an annual increase of more than 102 percent. Moreover, Correios tops a ranking of leading companies in the services industry in Brazil, in terms of net revenue.
