Towards the end of January, Royal Mail published its trading update covering the 9 months ending on 24th December 2017.
It was an overall positive picture:
- Parcel volumes were up 6% and the total parcels revenue was up by 4%
- Total parcel volumes in the busy December trading period were 149 million – which is up by 6% over the same period last year
- Overall, Royal Mail group revenue saw an increase of 2%
Commenting on this trading statement Moya Greene, Chief Executive Officer, Royal Mail plc, said:
“We have had a good performance over the important Christmas period thanks to the hard work and dedication of our people. They pulled out all the stops to deliver a great Christmas in the UK”.
The trading statement does not report specifically on marketing mail revenue on a quarterly basis due to the timing of the required survey data. However, it does state that the revenue trend in the first nine months in Royal Mail main advertising products (retail addressed, unaddressed and access advertising letters) was broadly similar to the first half of the year.
Looking to the future Moya Green added “Given our performance to date, we expect to see broadly similar volume and revenue trends in UK parcels and letters for the full year as in the nine months. In GLS, (General Logistics Systems) we expect underlying revenue growth for the full year to broadly fall in line with first half.”
The growth in parcel volumes of 6% was largely supported by a strong performance in Royal Mail account parcels. Royal Mail tracked 24, 48 and Returns also saw strong growth for the organisation.
This news illustrates that retailers showed a commitment to Royal Mail and trusted their services for the busiest time of the year. This equates to a marketplace that is showing very positive signs for Royal Mail.
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