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    RMG   GB00BDVZYZ77

ROYAL MAIL PLC

(RMG)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/27 11:35:26 am
485.3 GBX   +1.87%
04:06aPrimaryBid Appoints Former LSEG Chair To Same Role
MT
09/24ROYAL MAIL : JPMorgan Cuts PT Of Royal Mail, Keeps Overweight Rating
MT
09/24ROYAL MAIL : Berenberg Trims Royal Mail PT, Maintains Hold Rating
MT
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Royal Mail UK parcel volumes fall, outlook uncertain as COVID-19 curbs ease

07/21/2021 | 02:39am EDT
FILE PHOTO: The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London

* Royal Mail withholds release of annual outlook for UK business

* Retains forecast for overseas unit; warns revenue growth to slow

* Royal Mail shares fall 2%, lead losses in FTSE 100

July 21 (Reuters) - Royal Mail Plc said Britons are having fewer parcels delivered to their homes as pandemic curbs are lifted and it withheld from offering an annual outlook for its UK business due to COVID-19 uncertainties, sending shares down 2% to two-month lows.

It also warned on Wednesday that revenue growth at its more profitable international division would taper off this year, even as it reported a 12.5% rise in group revenue in the first quarter.

The company said parcel volumes in its UK business fell 13% in the three months ended June 30 from a year ago, with international shipments coming into Britain affected by Brexit, reduced air freight capacity and higher transport costs. "We continue to expect fluctuations in volumes as we emerge from COVID restrictions, which we will need to manage accordingly," Royal Mail Chairman Keith Williams said.

Postal companies such as Royal Mail, UPS, FedEx , DHL and e-commerce firm Amazon.com saw demand for their home delivery services surge as governments worldwide imposed strict lockdown measures to contain the coronavirus pandemic over the past year.

But as the British government has gradually lifted restrictions since April, people have returned to shopping malls and high streets.

Research firm Third Bridge analyst Ben Nuttall said there were early signs that online buying behavior was sticking, with Royal Mail's domestic parcels in the first quarter still up 19% on 2019 levels.

"In the medium-term, one of the key challenges for Royal Mail is its low level of parcel automation," he said.

Royal Mail is constructing two fully-automated parcel hubs which are expected to be operational in 2023 in Warrington and Daventry.

Royal Mail stuck to its 2021 revenue growth forecast for GLS, its worldwide ground-based parcel network, even as the postal company said it will begin to slow as the year progresses.

Shares in the FTSE 100 company are still up more than 50% so far this year. (Reporting by Yadarisa Shabong in Bengaluru, Editing by Sherry Jacob-Phillips, Anshuman Daga and Ana Nicolaci da Costa)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -1.05% 3389.27 Delayed Quote.5.18%
DEUTSCHE POST AG -1.82% 56.17 Delayed Quote.41.26%
ROYAL MAIL PLC 1.87% 485.3 Delayed Quote.41.07%
All news about ROYAL MAIL PLC
04:06aPrimaryBid Appoints Former LSEG Chair To Same Role
MT
09/24ROYAL MAIL : JPMorgan Cuts PT Of Royal Mail, Keeps Overweight Rating
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09/24ROYAL MAIL : Berenberg Trims Royal Mail PT, Maintains Hold Rating
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Analyst Recommendations on ROYAL MAIL PLC
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Financials
Sales 2022 12 712 M 17 424 M 17 424 M
Net income 2022 569 M 780 M 780 M
Net Debt 2022 349 M 478 M 478 M
P/E ratio 2022 8,69x
Yield 2022 4,07%
Capitalization 4 761 M 6 527 M 6 526 M
EV / Sales 2022 0,40x
EV / Sales 2023 0,37x
Nbr of Employees 177 047
Free-Float 99,7%
Chart ROYAL MAIL PLC
Duration : Period :
Royal Mail plc Technical Analysis Chart | RMG | GB00BDVZYZ77 | MarketScreener
Technical analysis trends ROYAL MAIL PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 476,40 GBX
Average target price 670,00 GBX
Spread / Average Target 40,6%
EPS Revisions
Managers and Directors
Simon Thompson Chief Executive Officer & Executive Director
Mick Jeavons Group Chief Financial Officer & Executive Director
Keith Williams Independent Non-Executive Chairman
Christian Herrlich Group Chief Information Officer
Achim Dünnwald Chief Operating Officer
Sector and Competitors
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