You are here

Prices & Quotes - UK Markets - Royal Mail (RMG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 512.60p
Change Today:
-2.80p
Market Cap:
5,126m
Sector:
Industrial Transportation

Royal Mail sees FY profits 'well in excess' of 500m as parcel revenues soar

By Frank Prenesti

Date: Thursday 11 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Royal Mail said it expected full-year group adjusted profit to be "well in excess" of 500m after a strong rise in parcel revenues over Christmas period.
The company on Thursday forecast 2020-21 revenue "significantly" beyond the top end of the 380m - 580m range guided in November after third quarter parcel revenues grew 43.3% to 3.8bn.

January trading has remained robust with parcel volume growth of 37%, with the re-introduction of nationwide Covid-19 restrictions and a peak in the volume of items being returned to retailers following Christmas playing a part, Royal Mail said in a trading update.

Group revenue for the nine months to December rose 20% to 9.3bn. The company handled 496m parcels in the third quarter as it cashed in on the boom in online shopping during tighter Covid-19 restrictions and the peak Christmas period.

It added that Brexit had caused a reduction in international volumes as the reality of customs forms, taxes and duties for imports and exports to and from the European Union struck home, but it was still too early to gauge the future impact.

Letter revenue decreased by 16.0% in the nine months and 8.5% during the third quarter helped by more robust volumes in December, where the decline narrowed to 9%.

The third national Covid-19 lockdown imposed at the start of the year saw January volumes slump by 24%. Royal Mail has kept on 10,000 out of the 33,000 seasonal workers who joined for the Christmas peak to deal with increased traffic during the latest lockdowns.

On its busiest day in the last quarter the company delivered 11.7m parcels, a third more than the busiest day during the first national lockdown in 2020.

Royal Mail said social-distancing requirements in sorting offices and staff absences due to mandatory self-isolation had caused well-publicised disruption to services.

Company chair Keith Williams said the company had faced "unprecedented parcel volumes" during "challenging circumstances".

"Given these record volumes, we recognise that at times our service during the period was not always as we would have wished," he said.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Royal Mail Market Data

Currency UK Pounds
Price 512.60p
Change Today -2.80p
52 Week High 528.00p
52 Week Low 137.75p
Volume 2,758,900
Shares Issued 1,000.00m
Market Cap 5,126m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Income
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 6
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Royal Mail Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Jul-21 05-Dec-19
Paid 06-Sep-21 15-Jan-20
Amount 10.00p 7.50p

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 992,278 @ 512.60p
16:29 27 @ 510.60p
16:29 9 @ 510.60p
16:29 92 @ 510.60p
16:29 286 @ 510.80p

Royal Mail Key Personnel

CEO Simon Thompson