Interim Management Statement (4044V)
January 12 2012 - 2:00AM
UK Regulatory
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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