Royal Mail maintains forecasts after strong Christmas

[TrueBlueTerrier]

http://www.nasdaq.com/article/royal-mai ... 0119-00111" onclick="window.open(this.href);return false;

Jan 19 (Reuters) - Britain'sRoyal Mail Plc <RMG.L> said on Thursday it was on track to achieve its cost savings targets for the current year and revenues in the first nine months were in line with expectations after a strong performance over Christmas.

The former monopoly postal firm said revenue for the nine months ended Dec. 25 was flat overall, as 9 percent growth in its international unit offset a 2 percent decline in revenue at its domestic parcels and letters unit where it continued to face stiff competition.

However, it said in a trading statement that Christmas had been even better than the previous year, with 138 million parcels handled in December alone, boosting UK parcels revenue and volumes, which were up 3 percent and 2 percent respectively over the nine months. [

Benefiting from a good performance over the peak Christmas period and an "usually strong" third quarter, addressed letter volumes in the first nine months of the year were down 6 percent, in line with the numbers reported at the end of the first half. "Our outlook for UK letters and parcels trends and other guidance remain unchanged from that set out.. (at) the half year," Royal Mail said in the statement.

[rambo1]

Letters down 6%. Total bull. The why is moya trying to drive down sp.

[wacko74]

Be interesting to know just what the definition of an ''addressed letter'' actually is. If it literally is just stamped addressed letters then they only make up a small fraction of the non-parcels mail anyway.

[TrueBlueTerrier]

Addressed letters is everything with an address as opposed to D2Ds.

Its then broken down into stamped, DSA etc.

[blakeyboy]

I can't see how these figures can be correct because to me I can see no decline in Mail.Catalogs and magazines etc are through the roof in my opinion

[rubberbond]

Addressed letters is everything with an address as opposed to D2Ds.

Its then broken down into stamped, DSA etc.

It's broken down alright, I assumed you were talking about morale,goodwill, etc.