Half year results 2018-19
Disappointed with our performance; taking action to address it
We have announced our results for the six months ended 23 September 2018. Here are the headlines:
- Money we earn as a Group up 1%*
- Parcel growth more than offset letters decline
- Money we earn in the UK down 1%*
- Money we earn from GLS up 9%*
- Group profit down 25%**, primarily reflecting lower revenue, poor productivity performance and, consequently, lower cost avoidance in the UK, as well as higher than expected cost pressures in GLS.
Click here to read a Colleague Update on today’s results. Don't forget to watch next week's RMtv Special on our financial results.
*Movements in money we earn, costs, profit, margin and volumes are shown on an underlying basis unless otherwise stated. ‘Underlying’ means we have adjusted for certain items to make the results easier to compare and understand.
**Adjusted operating profit before transformation costs, on an underlying basis.
