Business Post Group plc – AGM / interim management statement

AGM of Business Post Group plc, Chairman Peter Kane will announce the following statement to shareholders covering the period 1 April 2008 to 30 June 2008.
“Group revenues for the period increased by some 16 pct on the equivalent period last year.

Parcel revenues showed satisfactory improvement on last year. In particular, we continue to see good growth in our B2B parcels business which represents in excess of 80 pct of parcels revenues.

Our Mail business, UK Mail, continues to achieve strong growth, driven by new business wins together with further mail volumes from existing customers.
Revenues in Specialist Services for the period were up significantly on last year. In particular our Courier business has benefited from the contract with Orange which commenced in the period.

We have made a good start to the financial year with continued revenue growth and with trading performance in line with management expectations.”

Business Post Group plc announces that Dennis Clark, Non-Executive Director and Senior Independent Director, retires from the Board following today’s AGM.
Philip Stephens has now taken up the role of Senior Independent Director.
The Board is well advanced with the process of appointing a successor to Dennis and expects to make an announcement on this matter in due course.

AGM of Business Post Group plc, Chairman Peter Kane will announce the following statement to shareholders covering the period 1 April 2008 to 30 June 2008.
“Group revenues for the period increased by some 16 pct on the equivalent period last year.

Parcel revenues showed satisfactory improvement on last year. In particular, we continue to see good growth in our B2B parcels business which represents in excess of 80 pct of parcels revenues.

Our Mail business, UK Mail, continues to achieve strong growth, driven by new business wins together with further mail volumes from existing customers.
Revenues in Specialist Services for the period were up significantly on last year. In particular our Courier business has benefited from the contract with Orange which commenced in the period.

We have made a good start to the financial year with continued revenue growth and with trading performance in line with management expectations.”

Business Post Group plc announces that Dennis Clark, Non-Executive Director and Senior Independent Director, retires from the Board following today’s AGM.
Philip Stephens has now taken up the role of Senior Independent Director.
The Board is well advanced with the process of appointing a successor to Dennis and expects to make an announcement on this matter in due course.

Peter Kane, Chairman said:
“Dennis has been a member of the Board since October 1998 and during this time he has provided much valued advice to the Board and to me personally. We are very grateful to Dennis and wish him well for the future”

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