Yodel has made its largest ever loss in the year to 30 June 2018, newly published accounts reveal. Formed from the merger of the Home Delivery Network (HDNL) and DHL’s Express Delivery business in 2010, profitability has eluded Yodel ever since. Its best result to date was a loss of £45.4m in 2014. However, for 2018 Yodel revealed its pre-tax loss had ballooned by more than a third year-on-year to £111.8m (2017: loss of £82.5m). Previous to this, the parcel […]
DSV Road saw its profit increase by more than a fifth last year, driven by a 7.3% increase in turnover.
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.