Interim Management Statement
January 20 2010 - 2:00AM
UK Regulatory
TIDMUKM
RNS Number : 8058F
UK Mail Group PLC
20 January 2010
20 January 2010
UK MAIL GROUP PLC
INTERIM MANAGEMENT STATEMENT
UK Mail Group plc today issues the following Interim Management Statement
covering the period 1 October 2009 to 31 December 2009.
The third quarter has seen good progress, with the overall group trading
performance slightly ahead of our expectations.
Group revenues for the period increased by approximately 4% year-on-year.
Our parcels business has returned to revenue growth, the first year-on-year
increase since the first quarter of the previous financial year, with good
volume growth partly offset by continued pricing pressures.
Our mail business has continued to grow its revenues, benefitting from some
early signs of improvement in the levels of more discretionary mailings that had
suffered as a result of the economic downturn.
Specialist Services has also returned to overall revenue growth, with an
improving trend in both our Courier and Pallets businesses.
As a result of this good trading performance, we now expect that profits for the
year ended March 2010 will be slightly ahead of previous expectations.
- Ends -
+--------------------------------------+------------------------------------+
| Enquiries: |
+---------------------------------------------------------------------------+
| UK Mail Group plc | |
+--------------------------------------+------------------------------------+
| Guy Buswell, Chief Executive | 0121 335 1111 |
| Steven Glew, Finance Director | 01753 706070 |
+--------------------------------------+------------------------------------+
| | |
+--------------------------------------+------------------------------------+
| Hogarth | |
+--------------------------------------+------------------------------------+
| John Olsen | 020 7357 9477 |
| Ian Payne | |
+--------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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