UK Mail Group plc FINAL RESULTS
For the year ended 31 March 2014
Another year of very strong performance;
Significant investment now underway, in preparation for next phase of growth
Highlights
- Group revenues up 7.0% to £508.5m (2013: £475.4m)
- Mail revenues up 1.5% to £245.3m (2013: £241.6m)
- Parcels revenues up 16.2% to £219.9m (2013: £189.3m)
- Group profit before tax up 28.2% to £22.8m (2013: £17.8m)
- Strong balance sheet, net cash at year end of £27.0m (2013: £27.0m)
- Final dividend increased 14.5% to 14.2p per share (2013: 12.4p), giving a total dividend increase for the year of 13.3% to 21.3p (2013: 18.8p)
- Strong levels of customer retention and new client wins
- New Hub and automation projects progressing well
- Good progress with new product and service offering, including imail and ipostparcels
- New scanning software being rolled out to all sites providing one hour delivery windows
Guy Buswell, Chief Executive Officer of UK Mail, said:-
“These results reflect an excellent year for UK Mail, with increased revenues and strong margin progression. We have also achieved profitable growth across all areas of the business. Such a robust performance shows that we have accomplished almost all that we set out to achieve through the programme of investment and change over recent years.
“As previously announced, we have now entered a new phase of significant investment, in a new automated hub, in additional capacity, and in further developing our range of innovative consumer-facing services. This strategic approach will position us well for the next stage of profitable growth, with the benefits expected to be seen from 2015 onwards.”
To read the full statement please go to: UK Mail Final Results 2013-14
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