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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
UK Mail Group | LSE:UKM | London | Ordinary Share | GB0001576163 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 440.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUKM
RNS Number : 4044V
UK Mail Group PLC
12 January 2012
12 January 2012
UK Mail Group plc
INTERIM MANAGEMENT STATEMENT
UK Mail Group plc (the "Group") today issues the following Interim Management Statement covering the period 1 October 2011 to 31 December 2011.
Overall performance for the third quarter was in line with our expectations. Reported Group revenues for the quarter showed an increase of some 6% compared to the same period in the previous year. Adjusting for the increase in Royal Mail prices implemented on 6 May 2011, underlying Group revenues increased by some 1%.
Our Parcels business grew its volumes by some 10% compared to the same period last year, driven by an increase in internet shopping related home deliveries, although this change in mix towards B2C restricted the level of revenue growth. Our operations were well managed throughout the peak Christmas period allowing us to maintain our full delivery service, something we believe a number of our major competitors did not consistently achieve. The pricing environment remains challenging, and we expect a continuation of the volume mix seen in the first half of the year.
Our Mail business grew its revenues on a reported basis. On an underlying basis Mail revenues were down some 4% on the same period in the previous year. This reflects the decline in access mail market volumes in the period. We continue to have a good pipeline of customer opportunities.
Our Courier and Pallets businesses both reported good revenue growth.
The Group remains in a sound financial position.
We remain cautious about the evolving market environment and continue to assume that UK economic conditions will remain tough throughout 2012. Our strategy remains to continue to build competitive advantage, developing and investing in our low cost integrated network and bringing to market new products and services to drive profitable revenue growth.
- 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 020 3128 8100
Notes to editors:
About UK Mail Group plc
UK Mail Group plc is the leading independent parcels, mail and logistics services companies 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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