BUSINESS POST GROUP PLC AGM STATEMENT
At today’s Annual General Meeting, Neil Benson, Chairman, made the following comments:
“Trading in the first quarter of the current financial year has been in line with our expectations. Whilst overall volumes remain only marginally ahead of last year, there has been no indication of further weakening from our high-tech customers since our Preliminary Announcement in May.
“Good progress continues to be made in a number of areas across the Company. Our service performance is at its highest level for over two years, prices remain firm, unit costs have stabilised, and three further postcode areas have recently been franchised.
“Preparations for the start of the FedEx contract on 3 September are well advanced and we look forward to this exciting new opportunity which we believe will increase Business Post’s annual revenues by approximately 10%. Based on current levels of business, and the initiatives under way, we are confident of further progress this year.”
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