Information  X 
Enter a valid email address

UK Mail Group (UKM)

  Print      Mail a friend       Annual reports

Wednesday 20 January, 2010

UK Mail Group

Interim Management Statement

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.  


Grourevenues 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

Steven Glew, Finance Director

0121 335 1111

01753 706070



Hogarth 


John Olsen

Ian Payne

020 7357 9477




This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSUKVNRRVAAAAR