570
Вакансии
PRIMARK
People & Culture Supervisor
Permanent · WARSAW
CALZEDONIA GROUP
Kierownik Salonu / ch Promenada / Warszawa / Nowe Otwarcie
Permanent · WARSAW
H&M
Advanced User
Permanent · ROBAKOWO
H&M
Group Leader/ Lider Grupy
Permanent · CHLEBNIA
H&M
Advanced User
Permanent · CHLEBNIA
ESSILORLUXOTTICA GROUP
Sales Representative
Permanent · KRAKÓW
ESSILORLUXOTTICA GROUP
Cee Operations Controller
Permanent · KRAKÓW
ESTÉE LAUDER COMPANIES
IT Business Partner
Permanent · WARSAW
LEVI'S
Customer Relations Specialist (Otc) M/W/D
Permanent · WARSAW
MICHAEL KORS
Sales Supervisor, Poland, Lodz- Full Time
Permanent · ŁÓDŹ
LIMANGO
Product Owner - Fully Remote Possible
Permanent · WROCŁAW
L'OREAL GROUP
Senior Brand Manager Maybelline New York
Permanent ·
NEWELL
Sales And Operations Planner
Permanent · POZNAŃ
L'OREAL GROUP
Country Digital Project Manager
Permanent · WARSAW
RITUALS
Rituals - Office Coordinator (Warsaw)
Permanent · WARSAW
AVON
Product Safety/Integrity & Regulatory Affairs
Permanent · WARSZAWA
TK MAXX
Pracownik ds. Ochrony Tkmaxx Port Łódź/Pełen Etat
Permanent · ŁÓDŹ
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Renoma/Pełen Etat
Permanent · WROCŁAW
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Bielany/Pełen Etat
Permanent · WROCŁAW
L'OREAL GROUP
Project Manager & Administration
Permanent · WARSAW
L'OREAL GROUP
Community Advocacy Specialist, l’Oréal Luxe
Permanent · WARSAW
PANDORA
Business Consultant, Fico Sap Solutions
Permanent · WARSAW
Автор
Reuters
Опубликовано
18 июл. 2017 г.
Время чтения
2 минут(-а,-ы)
Скачать
Загрузить статью
Печать
Размер текста

Parcels and politics help to lift Royal Mail revenue

Автор
Reuters
Опубликовано
18 июл. 2017 г.

Election-related letters and growth from its continental European parcel business helped Britain's Royal Mail to eke out a 1 percent gain in first-quarter revenue, the resilience boosting its shares.


Reuters, Russell Boyce



After years of underinvestment, the former monopoly was privatised in 2013 and has since reduced layers of management, upgraded technology and cut its property bill.

However, the company was left struggling last year as its domestic parcels business faced stiff competition and as uncertainty following Britain's vote to leave the European Union worsened the rate of decline in its letters business.

Against this backdrop, Royal Mail said on Tuesday that increased revenue from political mail related to Britain's June 8 general election meant that its postal business helped to limit the damage in the first quarter to June 25.

Revenue from the business fell 4 percent in the three months, versus a 3 percent decline a year ago but better than a 5 percent drop over last year as a whole.

"Royal Mail has emerged as the one clear winner of last month's general election, with political mailings helping to slow the inexorable decline in UK letter volumes," Hargreaves Lansdown equity analyst Nicholas Hyett said.

"However, increasingly it's the international business which will be driving growth long term. The division put in another respectable performance this quarter, with recent acquisitions increasing its importance to the overall business.

The pan-European delivery business on Tuesday showed continued growth, with first-quarter revenue rising 6 percent despite some impact from the timing of Easter and other public holidays across Europe. Revenue was up 13 percent a year ago.

Royal Mail has been bulking up its GLS delivery business, as it has forecast continued challenging conditions in Britain and now faces an uphill battle negotiating pension arrangements with some of the country's largest unions.

To expand the unit, Royal Mail bought Spain-focused ASM and U.S.-based GSO last year and U.S. overnight delivery company Postal Express in April.

"GLS continues to be a driving force for the group. Its ongoing, focussed international expansion is increasing our geographic diversification, scale and reach," Chief Executive Moya Greene said in a statement.

The company's shares were up 3 percent at 411.1 pence at 1030 GMT, making it the second-top gainer on London's FTSE 100 index .The stock has lost over a fifth in value over the past year.

© Thomson Reuters 2024 Все права защищены.