UK Mail Interim Trading Statement 2013
For the 6 months ended 30th September 2013
Highlights
- Group revenues up 7.9%; group operating profit up 63.2%
- Parcels: revenues up 21.4%; operating profit up 91.3%
- Mail: revenues down 0.3%; operating profit up 10.9%
- Group profit before tax up 63.0% to £11.9m (2012: £7.3m)
- Strong balance sheet, net cash at period end of £19.5m (2012: £15.7m)
- Interim dividend increased by 10.93% to 7.1p per share (2012: 6.4p)
- Strong levels of customer retention and new client wins
- Further growth in market share as competitive and market landscape evolves
- New products and service offerings, including imail and ipostparcels, continue to make good progress
- Plans progressing for relocation of Birmingham hub and increased automation
Guy Buswell, Chief Executive Officer of UK Mail, said:-
“This has been a period of very strong growth, driven particularly by strong increases in our parcels volumes. Trading to date in the second half has been in line with our expectations and we remain confident of a positive outcome for the full year.
“This strong performance reflects the excellent progress made over the past three years. We have created a robust operational platform, strong competitive market positions, and we are a much more consumer-focused business.
“We are now entering the next phase of strategic investment. With significant steps forward planned over the next two years in our capacity, customer-facing technology, I.T. infrastructure and automation, these investments will create the platform for the next chapter of growth for the Group over the coming years.”
To read the Interim Trading Statement in full, please go to: UK Mail Interim Trading Statement November 2013
MHP Communications
John Olsen
James White
Giles Robinson
Gina Bell
0203 128 8139
Tags:
