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Royal Mail plc 30 March 2021 Royal Mail plc This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation ( EU ) 596/2014 as it forms part of UK domestic law by virtue of the European Union ( Withdrawal ) Act 2018 ( " MAR " ) , and is disclosed in accordance with the company's obligations under Article 17 of MAR PRE - CLOSE ANNOUNCEMENT AND GLS BUSINESS UPDATE Trading has been broadly in line with the update published on 10 March . Group adjusted operating profit for FY2020-21 is still expected to be around £ 700 million . Martin Seidenberg ( CEO GLS ) and Thorsten Pruin ( CFO GLS ) , will provide a business update at 14:30 BST today , outlining medium term targets for the GLS business . This includes a focus on International and B2C as key growth opportunities , leveraging the strength of the GLS network and business model . From FY2019-20 to FY2024-25 , GLS expects to grow revenue at around 12 % CAGR ( from € 3,614 million in FY2019-20 ) , more than double operating profit to € 500 million and generate € 1 billion of free cash flow¹ . Capex over the period is expected to remain in the range of 3-4 % of revenue . For FY2020-21 , GLS adjusted operating profit is expected to be around £ 350 million ( € 390 million ) and adjusted operating profit margin c . 8.7 % . An update on Royal Mail in the UK will be provided by Simon Thompson alongside FY2020-21 results on 20 May . The Board has reviewed the performance of the Group during the past year and concluded that it is appropriate to pay a one - off final dividend of 10p per share in respect of FY2020-21 , payable on 6 September 2021 to shareholders on the register at 30 July 2021 , subject to approval at the 2021 AGM . The Board expects to announce a new dividend policy for the Group with FY2020-21 results on 20 May . 1. FY2020-21 to FY2024-25 , including capital lease payments . Enquiries : Investor Relations John Crosse Phone : 07483 390 957 Email : investorrelations@royalmail.com Royal Mail investor relations line : 020 7449 8183 Media Relations Jenny Hall Phone : 07776 993 036 Email : jenny.hall@royalmail.com Mark Street Phone : 07515 924 344 Email : mark.street@royalmail.com Royal Mail press office : press.office@royalmail.com 1