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(RMG) Royal Mail General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 6, 2015.

  1. Microem1

    Microem1 Administrator

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    (RMG) Royal Mail General Share Chat
     
  2. Mongoose82

    Mongoose82 A Legendary Member

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    Read Beaufort Securities's note on ROYAL MAIL PLC (RMG), out this morning, by visiting https://www.research-tree.com/company/GB00BDVZYZ77

    "Royal Mail delivered a resilient performance, despite the challenging market conditions resulting from slowing economic growth, low inflation, and intense competition. UKPIL parcel volumes increased +3%, driven by continued growth in import parcels, and a strong performance by Parcelforce Worldwide. Royal Mail also won several new contracts in account parcels during the period, including contracts with: John Lewis Partnership, Urban Group, M&S and Waterstones. GLS continued to perform strongly with its volumes jumped by +10%, revenue up +9%, with growth in almost all markets. Given the particularly strong performance this year, however, the rate of revenue growth in GLS expected to slow in FY2017. Royal Mail management continued to provide a cautious outlook for FY2017, in the face of a number of challenges in the coming year, in particular the forthcoming negotiation of pay and pensions. Having said that, we believe the Group is capable of identifying further opportunities to drive efficiency across the organisation. During the FY2016, transformation costs amounted to £191m due to accelerated efficiency programme, primarily driven by higher voluntary redundancy costs associated to net reduction of around 3,500 employees in UKPIL over the period. In FY2017, transformation costs is currently expected by the Board to be around £160m, while annual net investment spent is expected to be within the £550m-£600m range for the medium-term. Management’s confidence in the Group’s long-term prospects and cashflow visibility..."
     
  3. Mongoose82

    Mongoose82 A Legendary Member

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    "Royal Mail delivered a good performance in the three months to 26th June 2016 despite challenging market conditions, sluggish economic growth, low inflation and intense competition. Improvements across the Parcel and GLS divisions offset the decline in revenue from letters. Parcel revenue increased as a result of the company’s initiatives across channels to improve its product line and price mix. Parcel volumes were high, primarily owing to growth in import parcels and Royal Mail account parcels. The GLS segment continued to perform well, buoyed by Easter and other public holidays across Europe. Moreover, the acquisitions mentioned above would sustain Royal Mail’s growth plans. The group remains focused on improving its operational and financial efficiency and offering high-quality services to customers. "

    Beaufort Update: https://www.research-tree.com/Dashboard/feed
     

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