On 17th May Royal Mail published its financial results for the year ending 25th March 2018.
Overall the results showed that our members have again helped to deliver another solid performance against a difficult commercial backdrop. Group revenue is now over £10 billion for the first time, while adjusted operating profit before transformation costs were up 1% to £674 million.
In UKPIL revenue was unchanged – parcel revenue grew by 4%, while total letter revenue fell by 4%. UK parcel volume and revenue growth rates are expected to be at least the same in 2019.