DPD UK sees 83% leap in 2020 profits

DPD Group UK increased turnover and profits last year as it grew market share in line with strategic objectives.

For the year ending 3 January 2021, the parcel company saw a 44.7% uplift in revenue to £1.5bn and pre-tax profit jumped by 83% to £248m.

It said it had made plans to grow market share further and had put in place the investment and strategies in order to achieve it.

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DPD said the largest share of revenue came from its next day parcel division, although it continued to increase revenues in its premium, international and specialist value-added services as well.

The MT award winner said it was building a network of all-electric micro-depots and its EV fleet grew to 700 during the year.

“The company ended the year in a very strong financial position and the board believes that this position coupled with the strength of its parent, La Poste, puts it in a market leading position for future development,” it added.