CitySprint report “very strong” 2013 performance

CitySprint, the UK’s same day distribution network, is pleased to announce its results for the year ended 31 December 2013, reporting a record level of revenues for the UK-wide Group. Revenues for the year increased 11.4% to £112.7m (2012: £101.1m). With increased revenues resulting from both organic growth and acquisitions. Ongoing investment within the group included the launch of  the CitySprint same day delivery tool, app ‘MyCourier’ as well as a new IT plaftform for CitySprint Logistics.  Six acquisitions were also integrated into the business throughout 2013.

Commenting, Patrick Gallagher, CEO of CitySprint, said:

“2013 produced a very strong operational performance across all our market segments. Trading since the start of the year has been very strong across all of our sectors. CitySprint is in an excellent position to benefit from increasing demand as we continue to see high levels of activity in each of our core operations of Logistics, Healthcare and Retail.

“We expect to achieve further organic growth during 2014 and we will continue with our programme of investment in technology and our people.  CitySprint’s financial strength and strong growth in sales across our sectors all underpin the Board’s expectations of further profit growth in the current year alongside very good trading visibility for the business.”