BPG Business Post

 

TIDMBPG 
 
RNS Number : 9422L 
Business Post Group PLC 
21 January 2009 
 
 
 
 
 
21 January 2009 
BUSINESS POST GROUP PLC 
 
 
INTERIM MANAGEMENT STATEMENT 
 
 
Business Post Group plc today issues the following Interim Management Statement 
covering the period 1 October 2008 to 31 December 2008. 
 
 
Performance has continued in line with the Board's plans, and despite the 
difficult economic back drop, the Group is on track to deliver results for the 
year in line with expectations. 
 
 
The Group has continued to grow revenues, which for the period increased by 3% 
on the equivalent period last year. 
 
 
Our Mail business, UK Mail, again achieved good double-digit growth, increasing 
our market share to 15%, through new business wins and the securing of further 
mail volumes from existing customers.  As previously indicated, the rate of Mail 
revenue growth will moderate from the exceptionally high levels previously 
achieved.We welcomed the findings of the Independent Review Panel's report on 
the UK postal services sector, published on 16 December 2008, and we look 
forward to continuing our relationship with the more commercial Royal Mail that 
would result. 
 
 
As expected, Parcel revenues showed a decline on the same period last year 
reflecting the current economic situation. Parcels operations over this period 
achieved high levels of efficiency as we continue to reduce our operating costs. 
 These efficiency gains have compensated for the lower revenue we have 
experienced. 
 
 
Revenues in Specialist Services for the period were up significantly on last 
year, driven by a continued strong improvement in our Courier business. 
 
 
The Group's balance sheet remains very strong with negligible net borrowings. 
 
 
Our plans continue to be based on moderate overall revenue growth combined with 
a strong focus on operational effectiveness to deliver increased profit. 
 
 
- Ends - 
 
 
+--------------------------------------+------------------------------------+ 
| Enquiries:                                                                | 
|                                                                           | 
+---------------------------------------------------------------------------+ 
| Business Post Group plc              |                                    | 
+--------------------------------------+------------------------------------+ 
| Guy Buswell, Chief Executive         | 0121 335 1111                      | 
| Steven Glew, Finance Director        | 01753 706070                       | 
+--------------------------------------+------------------------------------+ 
|                                      |                                    | 
+--------------------------------------+------------------------------------+ 
| Hogarth Partnership                  |                                    | 
+--------------------------------------+------------------------------------+ 
| John Olsen                           | 020 7357 9477                      | 
| Ian Payne                            |                                    | 
+--------------------------------------+------------------------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSKGGZMFGKGLZM 
 

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