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20 Jan 2010 07:00
20 January 2010
UK MAIL GROUP PLC
INTERIM MANAGEMENT STATEMENT
UK Mail Group plc today issues the following Interim Management Statement covering the period 1 October 2009 to 31 December 2009.
The third quarter has seen good progress, with the overall group trading performance slightly ahead of our expectations.
Group revenues for the period increased by approximately 4% year-on-year.
Our parcels business has returned to revenue growth, the first year-on-year increase since the first quarter of the previous financial year, with good volume growth partly offset by continued pricing pressures.
Our mail business has continued to grow its revenues, benefitting from some early signs of improvement in the levels of more discretionary mailings that had suffered as a result of the economic downturn.
Specialist Services has also returned to overall revenue growth, with an improving trend in both our Courier and Pallets businesses.
As a result of this good trading performance, we now expect that profits for the year ended March 2010 will be slightly ahead of previous expectations.
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Enquiries: |
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UK Mail Group plc |
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Guy Buswell, Chief Executive Steven Glew, Finance Director |
0121 335 1111 01753 706070 |
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Hogarth |
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John Olsen Ian Payne |
020 7357 9477 |
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