9th Apr 2008 07:00
Business Post Group PLC09 April 2008 9 April 2008 BUSINESS POST GROUP PLC PRE-CLOSE PERIOD TRADING UPDATE Business Post Group plc today issues the following pre-close period tradingupdate for the year ended 31 March 2008. Group revenues for the financial year increased by 10.1% on the previous year.Excluding the revenues from the FedEx contract, which terminated on 30 April2007, underlying Group revenue increased by 16.5%. We continue to see good growth in our B2B parcels business which representsaround 80% of parcels revenues. In B2C, which represents 15% of the parcelsbusiness, we are seeing an improving trend of performance. Revenues in our Mail business, UK Mail, increased by some 50% on the previousyear, derived from both new contract wins and substantial further business fromexisting customers. We now handle some 10% of all mail collected in the UK. Revenues in Specialist Services are now recovering with the fourth quartershowing growth. Our Courier business, now trading under the UK Mail brand, hasrecently won a number of new same-day contracts. The Group has maintained strong revenue growth, both during the fourth quarterand for the year as a whole. The overall performance is in line with the Board'sexpectations. Business Post Group plc will report its preliminary results for the year ended31 March 2008 on 21 May 2008. Enquiries: Business Post Group plcGuy Buswell, Chief Executive 0121 335 1111Steven Glew, Finance Director 01753 706070 Hogarth PartnershipJohn Olsen 020 7357 9477Ian PayneFiona Noblet This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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