Yodel predicts profitability for 2021

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Yodel predicts growth in 2021, as overall volumes in Q2 FY21 rise by 34% following a surge in demand for online orders.

The parcel carrier has said that total volumes in the six months to December 2020 (H1 FY21) have grown by 26% compared to H1 FY20.

The company’s full year FY21, (year ending June 2021), revenue is projected to be more than £535m, up from the initial £500m-£520m predicted in October 2020.

Mike Hancox, CEO of Yodel said: “Thanks to the tireless work of our colleagues up and down the country, together with the adaptability of our network, our performance has again improved beyond expectations and we fully expect to deliver a strong PBT result in FY21.”

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