Q316 trading update reassures that trading in line with reduced expectations. Top line impetus has been maintained with parcel volumes in Q316 consistent with growth achieved in the first half i.e. 8% volume growth equates to c.5% revenue growth eroded by the changing mix. The group experienced a surge in volumes following the collapse of City Link that generated a 5.3% increase in parcel revenues in H116 and this remains a volume driver. We note, whilst the surrender of c.3% volume to revenu
12 Jan 2016
Q316 trading update
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Q316 trading update
Q316 trading update reassures that trading in line with reduced expectations. Top line impetus has been maintained with parcel volumes in Q316 consistent with growth achieved in the first half i.e. 8% volume growth equates to c.5% revenue growth eroded by the changing mix. The group experienced a surge in volumes following the collapse of City Link that generated a 5.3% increase in parcel revenues in H116 and this remains a volume driver. We note, whilst the surrender of c.3% volume to revenu