Pre-Close Period Trading Update
Tuesday 6th October 2009
Business Post Group plc today issues the following pre-close trading update for the half year ended 30 September 2009.
The first half year has gone well, with overall group trading performance in line with management expectations.
Group revenues for the period decreased by approximately 3% year on year. However, our operations continue to achieve high levels of efficiency which have enabled us to reduce our operating costs, more than offsetting the profit impact of the lower revenues.
As expected, revenues in our Parcels business have declined year on year, although we have continued to see an improving trend in volume and revenue performance during the period.
Our Mail business has continued to grow, with revenues benefiting from the recent contract wins.
As expected, revenues in Specialist Services were slightly down year on year although this masks a stronger contribution from the Courier business.
Business Post Group plc will report its Interim Results for the year ended 31 March 2010 on 18 November 2009.
- Ends -
Thursday 9th October 2008
Business Post Group plc today issues the following pre-close period trading update for the half-year ended 30 September 2008.
Performance has continued in line with the guidance provided at the Annual General Meeting on 9th July, and in line with the Board’s expectations.
The Group has maintained revenue growth, both during the second quarter and for the half-year in total. Group revenues for the half-year increased by 16.3% on the equivalent period last year.
Parcel revenues showed a satisfactory improvement on last year.
Our Mail business, UK Mail, achieved good growth, driven by new business wins and further mail volumes from existing customers.
Revenues in Specialist Services for the period were up significantly on last year, with new contracts driving a strong improvement in our Courier business.
Business Post Group plc will report its interim results for the six months ended 30 September 2008 on 19 November 2008.
- Ends -
Thursday 04 October 2007
Business Post Group plc today issues the following pre-close period trading update for the six months ended 30 September 2007.
Group revenues for the first half of the financial year increased by 9% on the equivalent period last year. As previously announced, the Parcels contract with Federal Express terminated on 30 April 2007. Excluding the revenues from this contract, the underlying revenue increase was 15%.
Excluding revenues from FedEx, parcel revenues are in line with last year. Good growth in the B2B market has been offset by a decline in B2C. As we have previously indicated, the B2C parcels market is becoming increasingly competitive, which is impacting Parcels margin growth in the current year.
Our mail business, UK Mail, continues to achieve strong growth with revenues in the period up by some 60% on last year. We continue to win a significant number of substantial contracts.
Revenues in Specialist Services are broadly in line with last year.
Interim results for the six months ended 30 September 2007 will be announced on 14 November 2007.
Enquiries:
Business Post Group plc
Guy Buswell (Group Chief Executive) 0121 335 1111
Steven Glew (Group Finance Director) 01753 706 070
Hogarth Partnership
John Olsen 020 7357 9477
Ian Payne