Business Post Group PLC
09 April 2008
9 April 2008
BUSINESS POST GROUP PLC
PRE-CLOSE PERIOD TRADING UPDATE
Business Post Group plc today issues the following pre-close period trading
update for the year ended 31 March 2008.
Group revenues for the financial year increased by 10.1% on the previous year.
Excluding the revenues from the FedEx contract, which terminated on 30 April
2007, underlying Group revenue increased by 16.5%.
We continue to see good growth in our B2B parcels business which represents
around 80% of parcels revenues. In B2C, which represents 15% of the parcels
business, we are seeing an improving trend of performance.
Revenues in our Mail business, UK Mail, increased by some 50% on the previous
year, derived from both new contract wins and substantial further business from
existing customers. We now handle some 10% of all mail collected in the UK.
Revenues in Specialist Services are now recovering with the fourth quarter
showing growth. Our Courier business, now trading under the UK Mail brand, has
recently won a number of new same-day contracts.
The Group has maintained strong revenue growth, both during the fourth quarter
and for the year as a whole. The overall performance is in line with the Board's
Business Post Group plc will report its preliminary results for the year ended
31 March 2008 on 21 May 2008.
Business Post Group plc
Guy Buswell, Chief Executive 0121 335 1111
Steven Glew, Finance Director 01753 706070
John Olsen 020 7357 9477
This information is provided by RNS
The company news service from the London Stock Exchange