Yodel sees volumes rise as pandemic subsides

LinkedIn +

Yodel has seen an increase in volumes in Q3 FY21 of 59% compared to the same period in 2020.

Total volumes for the company in the nine months to leading up to March 2021 have grown by 35% compared to the nine months to March 2020.

Full-year FY21 (year ending June 2021) revenue for the company was projected to be more than £565 million, up from the over £535m guidance in the January update, FY20 was £430 million.

The company has said that it expects to return to being strongly profitable at the Profit before Taxation (PBT) level in the year to June 2021.

Mike Hancox, CEO of Yodel said: “We are using technology to get smarter; our customer service is improving thanks to a more integrated approach to technology, and this is helping to reduce our operational costs.”

Share this story: