Royal mail financial results 2023

As of my knowledge cutoff in February 2023, Royal Mail's latest financial results are from their 2022 Annual Report and Accounts, which were published on September 22, 2022. Here are some key highlights:

Financial Performance:

• Revenue: £11.3 billion (up 4.4% from 2021)
• Operating profit: £1.1 billion (down 14.1% from 2021)
• Profit before tax: £1.0 billion (down 15.2% from 2021)
• Earnings per share: 14.4p (down 15.2% from 2021)

Segmental Performance:

• Royal Mail UK: Revenue up 4.5% to £9.4 billion, operating profit down 12.5% to £744 million
• Royal Mail International: Revenue up 3.4% to £1.4 billion, operating profit down 21.1% to £143 million
• GLS: Revenue up 5.5% to £1.5 billion, operating profit up 10.3% to £234 million

Key Drivers:

• The UK parcel market continued to grow, driven by increased online shopping and the shift to digital commerce.
• The company's parcel volumes increased by 4.5% to 1.4 billion, with a 12.5% increase in parcel revenue.
• The decline in operating profit was primarily due to increased costs, including higher fuel prices, labor costs, and investments in digital transformation.
• The company's pension deficit increased by £1.1 billion to £7.4 billion, primarily due to changes in actuarial assumptions.

Outlook:

• The company expects revenue growth to continue in 2023, driven by the ongoing shift to digital commerce and the growth of the UK parcel market.
• However, the company also expects increased costs, including higher fuel prices and labor costs, which may impact operating profit.
• The company is investing in digital transformation, including the development of its parcel sorting and delivery capabilities, and expects to incur significant costs in 2023 and 2024.

Please note that these results are subject to change and may not reflect the company's current financial performance. For the most up-to-date information, I recommend visiting Royal Mail's investor relations website or contacting the company directly.