Yodel claims it will be in the black this year


 

Yodel has hinted that this financial year it will move into profitability for the first time since the business’s formation in 2010, off the back of increased volumes and new business wins. The parcel carrier indicated that it had made “significant progress” in its financial turnaround in the year ended 30 June 2014 and expects to post an operating profit for the 2014/15 financial year. It claimed it had improved its EBITDA (earnings before interest, tax, depreciation and amortisation) by […]