UK Mail Group PLC Interim Management Statement (6597X)
15 January 2014 - 6:00PM
UK Regulatory
TIDMUKM
RNS Number : 6597X
UK Mail Group PLC
15 January 2014
15 January 2014
UK Mail Group plc
INTERIM MANAGEMENT STATEMENT
"Good performance in peak Christmas trading period"
UK Mail Group plc (the "Group") today issues the following
Interim Management Statement covering the period 1 October 2013 to
31 December 2013.
Overall, the good performance for the third quarter was in line
with our previous expectations. Reported Group revenues for the
quarter showed an increase of some 6% compared to the same period
in the previous year.
Our Parcels business delivered good volume growth of some 15%
compared to the same period last year. As expected, parcels volume
growth has moderated compared to the first half of the year,
reflecting the higher growth levels we achieved in the second half
of last year. Volume growth in the third quarter 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. We invested in our network to ensure we
could successfully handle such high peak volumes and as a result,
our leading customer service levels were maintained throughout this
very busy trading period.
Our Mail business achieved 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 saw a slight decline in revenues, as
expected.
Our Pallets business also saw a decline in revenues for the
period, however we continue to invest in developing our Pallets
network in order to return to the sales levels previously
achieved.
The Group remains in a sound financial position.
Guy Buswell, Chief Executive of UK Mail, said:
"I am pleased to report that we have again performed well during
our peak Christmas trading period, maintaining our strong customer
service levels even as volumes continued to increase. It is clear
from weekly volume patterns that shoppers were, more than ever
before, leaving their online Christmas shopping to the last minute,
as consumers increasingly trust that online deliveries will arrive
on time, as promised. This underlines the importance of our leading
consumer-friendly services in which we continue to invest.
"We are making good progress with the strategic investment in
our business. As previously announced, we have now received
planning permission for our new central sortation hub near Coventry
and our new one hour delivery window project is on target for
implementation in the spring of 2014."
Enquiries:
UK Mail Group plc
Guy Buswell, Chief Executive 0121 335 1111
Steven Glew, Finance Director 01753 706070
MHP Communications
John Olsen
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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