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20 Jan 2010 07:00
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20 January 2010Β
UK MAILΒ GROUPΒ PLC
INTERIM MANAGEMENT STATEMENT
UK MailΒ Group plc today issuesΒ the followingΒ Interim Management StatementΒ covering the period 1Β October 2009 to 31 December 2009.
The third quarter hasΒ seen good progress, withΒ theΒ overall group trading performanceΒ slightlyΒ ahead of our expectations.
GroupΒ revenuesΒ for the periodΒ increasedΒ byΒ approximatelyΒ 4%Β year-on-year.
Our parcels business has returned to revenue growth,Β the first year-on-year increaseΒ sinceΒ the first quarterΒ of the previousΒ financialΒ year,Β with good volume growth partly offset by continued pricing pressures.
Our mail business has continued to grow its revenues, benefitting fromΒ someΒ early signs of improvement in the levels of more discretionary mailingsΒ that had suffered as a result of the economic downturn.
Specialist Services has alsoΒ returned toΒ overall revenue growth, with an improving trend in both our Courier and Pallets businesses.
As a result of this good trading performance,Β we now expect that profits for the year ended March 2010 will be slightlyΒ ahead ofΒ previous expectations.
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Enquiries: |
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UK MailΒ Group plc |
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Guy Buswell, Chief Executive Steven Glew, Finance Director |
0121 335 1111 01753 706070 |
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HogarthΒ |
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John Olsen Ian Payne |
020 7357 9477 |
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