Business Post Interim Management Statement
The statement covers 1 October 2007 to 31 December 2007. Group revenues for the period increased by 13% and the underlying Group revenue increase was 20%.
Business Post Group plc announces its Interim Management Statement covering the period 1 October 2007 to 31 December 2007.
Group revenues for the period increased by 13% on the equivalent period last year. Excluding the revenues from the FedEx contract, which terminated on 30 April 2007, the underlying Group revenue increase was 20%.
Underlying parcels revenues in the period were up 6% on last year. We continue to see good growth in our B2B parcels business which represents around 80% of parcels revenues. In B2C, representing 15% of the parcels business, our period-on-period performance was consistent with the first half.
Our Mail business, UK Mail, continues to achieve strong growth with revenues in the period up some 60% on last year. In the period we have won significant contracts with new customers including MBNA and Norwich Union. With these new contracts, we now handle some 10% of all mail collected in the UK.
Revenues in Specialist Services for the period were in line with last year.
We have achieved a good revenue performance during the third quarter, trading performance is in line with management expectations and overall the Board expects good progress for the year.
Business Post Group plc will report its preliminary results for the year ended 31 March 2008 on 21 May 2008.
