Trading Statement
April 08 2010 - 1:00AM
UK Regulatory
TIDMUKM
RNS Number : 8496J
UK Mail Group PLC
08 April 2010
8 April 2010
UK Mail Group plc
Pre-Close Trading Update
UK Mail Group plc today issues the following pre-close trading update for the
year ended 31 March 2010.
The fourth quarter has seen solid progress, with Group revenues for the period
increasing by some 2% year on year, leading to Group revenues for the full
financial year being in line with the previous year.
Our Parcels business has continued to improve through the second half,
increasing both revenue and market share, with continued pricing pressures more
than offset by strong volume growth.
Our Mail business has also continued to grow its revenues, launch innovative new
products and win new customers. We have very recently signed an important new
contract with Royal Mail which will allow us to operate a packet collection and
delivery service, utilising Royal Mail for final delivery. This will enable us
to offer customers a price competitive service in the high growth packet sector
of the postal market.
Specialist Services has shown further overall revenue growth, with our Pallets
business showing an improving trend of performance and our Courier business
continuing its strong growth through the second half.
As a result of this good trading performance, we are confident about the outcome
for the full year.
UK Mail Group plc will report its preliminary results for the year ended 31
March 2010 on 19 May 2010.
- Ends -
+------------------------+-----------------------+
| Enquiries: |
+------------------------------------------------+
| UK Mail Group plc | |
+------------------------+-----------------------+
| Guy Buswell, Chief | 0121 335 1111 |
| Executive | 01753 706070 |
| Steven Glew, Finance | |
| Director | |
+------------------------+-----------------------+
| | |
+------------------------+-----------------------+
| Hogarth | |
+------------------------+-----------------------+
| John Olsen | 020 7357 9477 |
| Ian Payne | |
+------------------------+-----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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