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Trading statements

UK Mail in line

12 January 2016 07:25

UK Mail Group said its performance for Q3 was in line with our expectations and left its FY expectations unchanged.

"Our Parcels business delivered good volume growth of some 8% compared to the same period last year. Volume growth in the third quarter was again largely driven by an increase in internet shopping related home deliveries," the company said.

"Our new automated hub operated very well throughout the peak period, and is starting to achieve good throughput levels. As a result our strong customer service levels were maintained throughout this very busy trading period," it noted in a statement.

"Our Mail business achieved satisfactory volume growth, of some 2%, although due to mix effect revenues were down compared to the same period last year."

UK Mail said it remained in sound financial position.

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