10th Jul 2007 07:00
Business Post Group PLC10 July 2007 10 July 2007 Business Post Group plc Interim Management Statement In line with the UK Listing Authority's new Disclosure and Transparency rules,Business Post Group plc announces its first 'Interim Management Statement' inrespect of the period 1 April 2007 to 30 June 2007. Group revenues for the first quarter of the financial year increased by 13% onthe equivalent period last year. As previously announced, the parcels contractwith Federal Express terminated on 30 April 2007. Excluding the revenues fromthis contract, the underlying revenue increase was 18%. Overall our business has made a satisfactory start to the year. Our Parcels business is making progress in an increasingly competitive market.As planned we have transferred one further franchise to corporate ownershipsince our preliminary results announcement in May, leaving 15 remainingfranchise operations. Our Mail business, UK Mail, continues to achieve strong growth. We continue totender for and to win significant new contracts, and in June we announced thatwe had been awarded a new contract with Prudential plc. We now provide more than400 organisations with downstream access mail services. The mail industry is currently more in the public eye as a result of theindustrial action involving Royal Mail. Our experience to date, however, is thatwe have been able to amend our operations sufficiently to minimise disruptionboth to ourselves and our customers. Within Specialist Services our Courier business, UK Today, has started theprocess of redevelopment under its new management team, whilst our palletisedgoods delivery business, UK Pallets, is making good progress. Our Change Programme is proceeding to plan and is helping to achieve ourobjective of becoming the UK's leading independent integrated postal operator. For further information, please contact: Enquiries: Business Post Group plcGuy Buswell (Group Chief Executive) 0121 335 1111Steven Glew (Group Finance Director) 01753 706 070 Hogarth PartnershipJohn Olsen 020 7357 9477Fiona NobletIan Payne This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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