Christmas parcels help IDS to slight revenue rise in Q3

(Sharecast News) - International Distribution Services reported a slight rise in revenue during the busy Christmas period as its Royal Mail business handled more international parcels. The company, about to be taken over by Czech billionaire Daniel Kretinsky this year, said group revenue rose 0.8% to £3.6bn as international parcel volumes increased 15% to 61 million items in the three months to December 31.

"Despite the difficult market environment, Royal Mail remains on track to return to adjusted operating profit, before voluntary redundancy costs, for full-year 2024-25," IDS said on Wednesday.

Reporting by Frank Prenesti for Sharecast.com