UK Mail Group PLC Interim Management Statement (0169V)
08 January 2013 - 6:00PM
UK Regulatory
TIDMUKM
RNS Number : 0169V
UK Mail Group PLC
08 January 2013
8 January 2013
UK Mail Group plc
INTERIM MANAGEMENT STATEMENT
"Strong performance in peak Christmas trading period"
UK Mail Group plc (the "Group") today issues the following
Interim Management Statement covering the period 1 October 2012 to
31 December 2012.
Overall, our sales and trading performance for the third quarter
was above our previous expectations. Reported Group revenues for
the quarter showed an increase of some 14% compared to the same
period in the previous year. Adjusting for the increase in Royal
Mail prices implemented on 2 April 2012 and there being one more
working day than in the same period last year, underlying Group
revenues increased by some 8%.
Our Parcels business delivered an improved trend in performance,
with volumes increasing by some 20% compared to the same period
last year. This volume growth was again partly driven by an
increase in internet shopping related home deliveries, which
resulted in a continuation of the mix change towards B2C that we
saw in the first half. Working with our customers we sought to
manage our peak Christmas volumes to ensure they were within our
expanded capacity. Our operations were very well managed across the
peak period, which ensured that our leading customer service levels
were maintained throughout this very busy period.
Our Mail business again saw good revenue growth, due to a
further increase in mail volumes. This growth continues to be
driven by strong customer retention and new customer wins.
Our Courier business had a decline in revenues, as expected. Our
Pallets business again achieved revenue growth, though with a
continuation of the challenging operational conditions seen in the
first half.
The Group remains in a sound financial position.
Guy Buswell, Chief Executive of UK Mail, said:
"I am pleased to announce that we performed well during our peak
Christmas trading period, maintaining our strong customer service
levels even as volumes significantly increased.
"We still assume the economic backdrop will remain challenging
into 2013 and the pricing environment will stay competitive. We are
well prepared for this and with our highly competitive business
model, tight focus on costs and strong balance sheet, we remain
confident that we will come through this period of significant
change in our industry as one of the strongest players in the
markets in which we operate."
- Ends -
Enquiries:
UK Mail Group plc
Guy Buswell, Chief Executive 0121 335 1111
Steven Glew, Finance Director 01753 706070
MHP Communications
John Olsen
Ian Payne
Giles Robinson 020 3128 8100
Notes to editors:
About UK Mail Group plc
UK Mail Group plc is the leading independent parcels, mail and
logistics services company within the UK and one of the main
alternatives to Royal Mail for business mail requirements.
Forward-looking statements
This announcement contains certain forward looking statements
with respect to the financial condition, results of operations and
businesses of UK Mail Group plc. These statements involve risk and
uncertainty because they relate to events and depend upon
circumstances that will occur in the future. There are a number of
factors that could cause actual results or developments to differ
materially from those expressed or implied by these forward-looking
statements. Nothing in this announcement should be construed as a
profit forecast.
The information in this announcement is based on unaudited
management accounts and is before any exceptional items.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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