Jestbread schreef op 20 juli 2022 10:02:
[...]
"Royal Mail said revenue in its core unit during the first quarter ended June was 12% lower year-on-year.
Revenue in the eponymous Royal Mail unit in the UK was hit by "weakening retail trends, lower [Covid-19] test kit volumes and a return to structural decline in letters".
The domestic unit suffered an adjusted operating loss of GBP92 million.
At GLS, the company's Amsterdam-based logistics arm, volumes fell 3% annually, though revenue was up 7.8% in sterling terms, or 9.8% in euros.
There could be wholesale changes afoot at group level. The London listing has announced a name change to International Distributions Services PLC, to reflect the "increased importance" of GLS at group level.
There also could be a separation, should the Royal Mail arm continue to be a laggard.
"The board has always maintained that there should be no cross subsidy in the group and recognises the need to address improvements in Royal Mail's performance quickly. In the event that significant change within Royal Mail is not achieved, the board will consider all options to protect the value and prospects of the group, including separation of the two companies," the company said.
Bron: morningstar