Royal Mail has announced its Full Year results for 2020-21 revealing full year performance well above initial expectation – Group operating profit surged 116% to £702 million – however no guidance has been given for 2021-22 due to ” a number of uncertainties”.
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Royal Mail is expanding its use of low emission vehicles, with the addition of 29 gas-powered trucks, fuelled by Bio-Compressed Natural Gas (Bio-CNG), to its fleet.
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This week, Royal Mail announces a trial of the first out-of-sight, autonomous scheduled drone flights between the UK mainland and an island. The trial will see the Company use Uncrewed Aerial Vehicle (UAV) flights to deliver Personal Protective Equipment (PPE), COVID testing kits and other mail to the Isles of Scilly.
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Royal Mail have released a trading update revealing trading has been broadly in line with the update published on 10 March. Group adjusted operating profit for FY2020-21 is still expected to be around £700 million.
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Royal Mail is adding barcodes to a limited number of 2nd Class stamps from March 23rd, as part of the Company’s extensive modernisation drive.
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