Royal Mail PLC Quarterly Volume Update (6122T)
21 Juli 2020 - 9:43AM
UK Regulatory
TIDMRMG
RNS Number : 6122T
Royal Mail PLC
21 July 2020
Royal Mail plc
(Incorporated in England and
Wales)
Company Number: 8680755
LSE Share Code: RMG
ISIN: GB00BDVZYZ77
LEI: 213800TCZZU84G8Z2M70
QUARTERLY VOLUME UPDATE
During the ongoing COVID-19 pandemic Royal Mail (RMG.L) will
provide quarterly updates on volumes in its Royal Mail and GLS
businesses. The first such update is below covering the period
Monday 30 March to 28 June 2020.
Royal Mail
-- Parcel volume up 38% year on year (117 million more parcels)
-- Domestic account (ex. Amazon) parcel volume up 64%
-- Addressed letters (ex. elections) volume down 33% (788 million fewer letters)
GLS
-- Volumes up 22% year on year
Volume trends for the first quarter overall were broadly
unchanged from the update provided on 25 June, which covered the
first two months of FY2020-21. There are no changes to the two
scenarios for FY2020-21 previously outlined on 25 June.
Parcel growth in both Royal Mail and GLS continues to be driven
by B2C and e-commerce.
Advertising mail in Royal Mail continues to be impacted by GDP
and low levels of business activity.
As the UK starts to come out of lockdown we are not seeing any
change as yet in customer behaviour. Our customers are wanting more
parcels delivered to their homes and are sending fewer letters. We
are working as quickly as we can to adapt our business to meet our
customer needs.
The initiatives announced on 25 June, namely the integration of
Parcelforce into Royal Mail, the management restructure and actions
on non-people costs in Royal Mail, alongside Group capex reduction
initiatives, are all underway.
Following the Joint Statement on 29 June between Royal Mail and
CWU, talks with CWU are progressing.
Royal Mail will hold its AGM on 8 September. A further update on
second quarter volumes will be published in October.
Enquiries:
Investor Relations
John Crosse
Phone: 020 7449 8183
Email: investorrelations@royalmail.com
Media Relations
Shane O'Riordain
Phone: 07770 544 585
Email: shane.oriordain@royalmail.com
Company Secretariat
Mark Amsden
Phone: 020 7449 8289
Email: cosec@royalmail.com
Disclaimer
Figures presented in this trading update are not audited. This
trading update contains certain statements that constitute "forward
looking statements". Such forward-looking statements involve known
and unknown risks, uncertainties and other factors, which may cause
the actual results, performance or achievements of the Group or
industry results to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Persons receiving this release should
not place undue reliance on any forward-looking statements. The
Group disclaims any obligation or undertaking to update or revise
any forward-looking statements contained in this document to
reflect any change in its expectations or any change in events,
conditions or circumstances on which such statements are based
unless required to do so by applicable law, the Prospectus Rules,
the Listing Rules or the Disclosure Guidance and Transparency Rules
of the Financial Conduct Authority.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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