UK Mail saw third quarter sales rise four per cent on year ago, the company said in its interim management statement. It now expects it profit for the year ending March 2010 to be ahead of previous predictions.
“The third quarter has seen good progress, with the overall group trading performance slightly ahead of our expectations.”
The parcels business returned to growth, the first year-on-year increase since the first quarter of the previous financial year. However, it warned that volume growth had been partly offset by continued pricing pressures.
The mail business continued to grow sales, benefiting from some early signs of improvement in the levels of more discretionary mailings that had suffered as a result of the economic downturn.
The Specialist Services business also saw sales growth with an improving trend in both courier and pallets.
As a result of this good trading performance, we now expect that profits for the year ended March 2010 will be slightly ahead of previous expectations.