Home Business NewsBusiness Royal Mail is still riding the lockdown parcels boom

Royal Mail is still riding the lockdown parcels boom

by LLB Editor
30th Mar 21 10:50 am

It’s been quite the second half for Royal Mail with parcel activity soaring, earnings guidance being upgraded and its share price having more than doubled since November, according to AJ Bell’s Russ Mould.

“That’s not what some people would have expected from a business historically associated with missing targets, endless protests from a labour union, declining letter volumes and a struggle to shift to more efficient working practices.

“Royal Mail is currently in a sweet spot as the pandemic has accelerated the shift from physical to online retail, thereby creating a massive tailwind for companies that deliver parcels. It will be hoping that this trend remains intact even when people start to go back to work in offices and get out of the house more.

“Even though the decline in letters is hard to reverse, Royal Mail still has significant opportunities on the parcel side and to grow its overseas operations.


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