UK Mail delivers pre-close trading update

UK Mail Group has issued a pre-close trading update for the year ended 31 March 2010. A company statement said:

The fourth quarter has seen Group revenues for the period increasing by some 2% year on year, leading to Group revenues for the full financial year being in line with the previous year.

The Parcels business has continued to improve through the second half, increasing both revenue and market share, with continued pricing pressures more than offset by strong volume growth.

The Mail business has also continued to grow its revenues, launch innovative new products and win new customers. UK Mail has recently signed an important new contract with Royal Mail which will allow the company to operate a packet collection and delivery service, utilising Royal Mail for final delivery.

Specialist Services has shown further overall revenue growth, with the Pallets business showing an improving trend of performance and the Courier business continuing its strong growth through the second half.

UK Mail Group plc will report its preliminary results for the year ended 31 March 2010 on 19 May 2010.