Mike Ralston, CEO of Blencowe Resources (BRES) and Manuel Pablo Zúñiga-Pflücker, President and CEO of PetroTal (PTAL) will be presenting and taking live Q&A at focusIR's Investor Webinar on Tuesday 25th February. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksInternational Distributions Services Share News (IDS)

Share Price Information for International Distributions Services (IDS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 365.40
Bid: 365.20
Ask: 365.40
Change: 0.00 (0.00%)
Spread: 0.20 (0.055%)
Open: 365.00
High: 365.40
Low: 364.80
Prev. Close: 365.40
IDS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IDS quarterly revenue increases as Royal Mail provides Christmas boost

Wed, 15th Jan 2025 10:10

(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead.

London-based IDS, which owns Royal Mail, reported a positive performance for the three months to the end of December, with revenue growing 0.8% to GBP3.62 billion from GBP3.59 billion the prior year.

Driving this improvement was a strong performance in Royal Mail over the golden quarter, with over 99% of items posted ahead of or on the final recommended dates arriving in time for Christmas.

Revenue for the British postal service grew on-year by 2.4% to GBP2.34 billion from GBP2.28 billion, boosted by an increase in total parcel revenue which rose 3.2% to GBP1.25 billion from GBP1.21 billion.

Parcels volume also rose for Royal Mail, up 2.0% on-year to 395 million from 387 million, with IDS noting that it is on track to return to adjusted operating profit for the full year. Last financial year, it reported an adjusted operating loss of GBP336 million.

Revenue for the firm's European parcel delivery business, GLS, fell 2.0% to GBP1.28 billion from GBP1.31 billion the prior year. However, IDS noted that revenue growth for the division in euros, excluding acquisitions and disposals, was up 2.5% on-year.

Volume for the segment rose by 0.8% in the third-quarter to 247 million from 245 million the prior year, with IDS noting the division recorded strong performances in Spain and Poland, but with the Italian and German markets remaining challenging.

The firm added that it expects the GBP3.57 billion takeover offer made last year from Czech billionaire Daniel Kretinsky's EP UK Bidco Ltd to become or be declared unconditional in the first quarter of this calendar year.

IDS shares were up 0.1% at 364.40 pence on Wednesday morning in London

IDS Chief Executive Martin Seidenberg said: "I am proud of my colleagues across Royal Mail and GLS who went above and beyond for our customers this Christmas. At Royal Mail, we have made more progress to adapt to customer demand. Successful execution of our union agreements is bringing increased operational flexibility, which together with increased automation, and thousands of new vehicles, is leading to improved reliability."

By Christopher Ward, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

More News
30 Jan 2025 08:59

Royal Mail set to axe Sat 2nd class deliveries under Ofcom proposals

(Sharecast News) - Britain's Royal Mail is set to axe Saturday deliveries and provide an alternate-day service for second class letters, under proposals put forward the regulator Ofcom.

Read more
30 Jan 2025 08:55

UK Ofcom proposes 2nd class letters delivery on alternate week days

(Alliance News) - Royal Mail is set to be allowed to ditch Saturday deliveries for second class letters under plans being put forward by Ofcom that will also see wider postal delivery targets cut in the UK.

Read more
15 Jan 2025 10:27

UPDATE: IDS revenue increases as Royal Mail provides Christmas boost

(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead following key regulatory clearances.

Read more
15 Jan 2025 07:56

Christmas parcels help IDS to slight revenue rise in Q3

(Sharecast News) - International Distribution Services reported a slight rise in revenue during the busy Christmas period as its Royal Mail business handled more international parcels.

Read more
20 Dec 2024 16:05

London close: Stocks mixed as US PCE inflation holds steady

(Sharecast News) - London stocks ended the day on a mixed note Friday, as investors weighed weaker-than-expected UK retail sales growth and cooler US price growth than anticipated.

Read more
20 Dec 2024 10:44

IN BRIEF: EP takeover of Royal Mail parent gets UK security clearance

International Distribution Services PLC - London-based post and parcels delivery firm that owns Royal Mail - Acquisition by Daniel Kretinsky's EP Group AS gets UK security clearance. The UK government on Monday confirmed it had cleared the way for the 500-year-old postal service to pass into foreign ownership for the first time, having secured legally-binding commitments from Kretinsky to maintain a universal service. However the GBP5.3 billion deal still was conditional on separate clearance under the UK National Security & Investment Act 2021. This was confirmed by the chancellor of the Duchy of Lancaster, who is Pat McFadden. Some regulatory conditions remain to be satisfied, but EP says on Friday it expects the IDS takeover offer to be declared unconditional in the first quarter of 2025.

Read more
20 Dec 2024 07:03

EP Group IDS takeover clears UK national security law

(Sharecast News) - The UK government has cleared the £3.6bn sale of Royal Mail parent company International Distribution Services to Czech billionaire Daniel Kretinsky's EP Group.

Read more
16 Dec 2024 15:35

London close: Stocks weaker ahead of key central bank decisions

(Sharecast News) - London stocks ended lower on Monday as investors adopted a cautious stance ahead of a week filled with major central bank policy decisions.

Read more
16 Dec 2024 12:04

LONDON MARKET MIDDAY: Stocks red as UK consumer confidence erodes

(Alliance News) - Stock prices in London were down at midday on Monday, while in corporate news Videndum shares fell after its trading update disappointed.

Read more
16 Dec 2024 10:03

UPDATE: UK government confirms Royal Mail sale to EP Group is cleared

(Alliance News) - Royal Mail's sale to Czech billionaire Daniel Kretinsky has been cleared by the UK government, paving the way for the more than 500-year-old postal service to pass into foreign ownership for the first time, PA reports.

Read more
16 Dec 2024 09:17

Royal Mail takeover by Daniel Kretinsky cleared by UK government

(Alliance News) - Royal Mail's takeover by a Czech billionaire has been given the green light by the UK government, allowing the postal service to pass into foreign ownership for the first time.

Read more
13 Dec 2024 09:02

Royal Mail fined £10.5m for missing delivery targets

(Sharecast News) - Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.

Read more
13 Dec 2024 07:47

Ofcom fines IDS unit Royal Mail for missing delivery targets

(Alliance News) - Regulator Ofcom has fined Royal Mail GBP10.5 million for missing its post delivery targets in the 2023-2024 financial year.

Read more
13 Dec 2024 07:43

LONDON BRIEFING: Sterling suffers as UK economy in surprise shrink

(Alliance News) - London's FTSE 100 is called to open higher on Friday, shaking off poor UK data, a sharp decline in Asian equities, and weaker trade in the US overnight.

Read more

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.