Royal MailOwner of International Distribution Services (ID), has confirmed Nationwide ax of second class letter delivery on Saturday There will be a long process to take “several months” to apply and expand well in 2026.
Announcement is as follows IDRecently acquired £ 3.6 billion by the EP Group of Czech billionaire Daniel Cretinsky in June.
Ofcom granted Royal Mail Approval for Saturday delivery and infection to serve every-one-week from 28 July.
However, under its universal service obligation, the Royal Mail should maintain delivery for the first class from Monday to Saturday. Post And make sure that three-class letters come within three working days.
Despite the Royal mail “detailed function” and “using learning from pilots” for nationwide rollouts, the expansion of reforms is beyond 35 pilot distribution offices.
IDS Chief Executive Officer Martin Sedenberg described the venture as “widespread functioning” ahead of us, underlining the significant challenge of change.
He said: “We will take time to get this right.
“We give it to our customers that we are not forward and back.”
He said that the group “always said that it would take several months”.
The IDS said that it is too early to say when the change will be completed and which of its 1,200 delivery offices will be in line for overhaul.
“This is a big change for us as a company and people of the country,” he said, given the group’s 130,000 workforce and distribution network.
These comments came, Royal Mail revealed that it returned to an underlying operational profit for the first time in three years despite the “competitive and challenging” background.
In its first figures since being handled by the EP Group, the IDS stated that the Royal Mail distributed the underlying income, except voluntary excess costs, £ 31 million for March 31, compared to the loss of £ 336 million last year.
However, with the inclusion of excess cost, the Royal Mail still remains in red with the underlying operating deficit of £ 8 million, said.
The IDS stated that the underlying reforms in the Royal Mail came “despite the rapid competitive and challenging trading environment”.
Comprehensive group who also owns GLS parcel In the previous year, trade was reported to be £ 28 million, underlying income of £ 278 million.
Pre-tax profits were £ 429 million, which was above £ 114 million from 53 weeks to March 2024.
parcel The volume in the Royal Mail Post Box also increased by 6 percent in the year, although the ongoing decline in the mail dropped 4 percent of the addresses addressed.
These figures come after a milestone for the group, which saw that the Royal Mail first took up foreign ownership in the history of more than 500 years.
Mr. Sedenberg said: “It has been the year of change for ID.”
He said: “The Royal Mail returned for the first time in three years, marking an important milestone in the company’s turnaround.
“With the acquisition of IDS by EP Group Complete, and the Universal Service Reform decided, now it’s time for us to pursue business and capitalize on our pace.”
It said that it would continue to invest heavy in postal lockers after the EP Group takeover, Royal Mail increased by about 70 percent from its home places to about 24,000 and launched its own branded lockers.
The GLS continued its network to over 110,000 out-off-hom access points and by the end of August to over double the size of the GLS locker network more than 20,000.
“Under the ownership of the EP group, we will continue to invest in the rapid expansion of their house’s out-off-hom network in both businesses to meet the changing needs of our customers around the world,” Mr. Sedenberg said.
ID formally left London Stock Exchange Approval by shareholders on June 2 and April after being handled by the EP group after the government approval at the end of 2024.
New owner of Royal Mail also released £ 1 so -called golden shares Britain governmentAs agreed under the deal.
Mr. Critinsky, appointed as the new chairman of the Royal Mail, has promised to stick to the universal service responsibility after the acquisition.