Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today. Its UK parcels, international and letters (UKPIL) division, which encompasses its Royal Mail and Parcelforce Worldwide brands, saw year-on-year EBITDA before transformation costs jump 45% to £775m for the 53 weeks ended 31 March 2013. This compared with £533m for the 52 weeks ended 25 March 2013. Division turnover increased by 6% to £7.6bn (2012: […]
DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator.
The government hopes to give Royal Mail access to the capital it needs to move on its privatisation plans this financial year, business minister Michael Fallon has said.
Royal Mail will take on an additional 19,000 employees for the Christmas peak season, 2,600 of whom are intended for its Parcelforce operation.