February 6, 2020 / 7:19 AM / 18 days ago

Royal Mail says outlook "challenging" as mail recovery lags

LONDON, Feb 6 (Reuters) - Royal Mail said the outlook for its next year was “challenging” as addressed letter volumes were not recovering as expected, although recent trading was in line with forecasts, helped by a busy Christmas and a December national election.

The British company said revenue for the nine months to Dec. 29 increased 3.7%, and confirmed its adjusted group operating profit for 2019-20 was expected to be 300-340 million pounds.

Reporting by Paul Sandle; editing by Kate Holton

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