Royal Mail PLC sales for the half year to 27th
September were flat in what proved to be a challenging market for the
national mail and parcels sector. Whilst its parcels business has
enjoyed some growth, letter volumes have taken a further tumble.
Overhead reductions which were made in 2014-2015, which involved 5500
staff redundancies, and other cost saving measures helped to stabilise
margin.
Moya Greene,
chief executive officer commented “We delivered parcel volume and
revenue growth in the UK, which continues to be a challenging market.
Addressed letter volume decline was at the better end of our forecast
range. We are driving through a range of product innovations and service
improvements at pace, as well as targeting new areas of growth and
enhancing our offering.”
Share