UKM.L Regulatory News (UKM)

4 Apr 2007 07:00

Business Post Group PLC04 April 2007 4 April 2007 BUSINESS POST GROUP PLC CLOSE PERIOD TRADING UPDATE Business Post Group plc today issues the following close period trading updatefor the twelve months ended 31 March 2007. At our interim results in November 2006 we said that we expected a much improvedsecond half. We are pleased to report that this has been achieved and expect to reportrevenue growth of around 18% in the second half year giving revenue growth forthe full year of around 17% - primarily driven by the continued strongperformance of UK Mail. The exit from the FedEx Corporation contract is progressing satisfactorily. Asannounced on 6 February 2007, an exceptional cost of some £1m will be incurredin the current financial year relating to contract exit costs. This will beoffset by an exceptional gain of £1m from a recent property disposal. Good progress is being made in creating the platform from which the group'sstrategy - to develop Business Post into the UK's leading independent integratedpostal group - can be achieved. As a result of the above, the Board anticipates that the results for the year to31 March 2007 will be in line with its previous expectations. Preliminary results for the year ended 31 March 2007 will be announced on 23 May2007. - Ends - Enquiries: Business Post Group plcGuy Buswell, Chief Executive 0121 335 1111Steven Glew, Finance Director 01753 706 070 Hogarth PartnershipFiona Noblet 020 7357 9477Ian Payne This information is provided by RNS The company news service from the London Stock Exchange