Earnings release
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23 September 2021 Given the unprecedented impact of the COVID - 19 pandemic , for FY2021-22 we committed to providing bi - monthly updates on volume and revenue performance . Performance for the five months to August and the two months of July and August combined is detailed below . Keith Williams , Chair , commented : " The first five months saw continued revenue growth across the Group , with both Royal Mail and GLS reporting higher revenues than the prior year . " TRADING UPDATE " In Royal Mail , we are increasingly confident that domestic parcels are re - basing at a significantly higher level than pre - COVID and believe we are maintaining our share of the market . Domestic parcel volumes are up around a third compared to pre - COVID . Domestic parcels performance continues to be more robust against ongoing challenges in international . Whilst we continue to expect further normalisation of parcel performance as we unwind from the pandemic and anticipate some upward pressure on costs , both adjusted operating profit and margin are expected to be higher in H2 compared to H1 . " " GLS continues to deliver good volume and revenue growth , both year on year and against 2019 . Whilst we are seeing upward pressure on costs in a number of our markets , we maintain our outlook for the full year of low single digit % revenue growth and c . 8 % operating margin . " YEAR TO DATE PERFORMANCE - FIVE MONTHS TO AUGUST 2021 Group Royal Mail plc GLS Revenue : Grew by 8.2 % year on year and by 17.7 % compared to the same period in 2019 ; Royal Mail ● ● Revenue : Increased by 7.2 % year on year and by 12.1 % vs. the same period in 2019 ; Domestic parcel revenue : Grew by 4.1 % year on year and by 44.5 % vs. the same period in 2019 ; Domestic parcel volume : Decreased by 5 % year on year , but grew 34 % vs. the same period in 2019 ; Total parcel revenue : Grew by 0.1 % year on year and by 33.3 % vs. the same period in 2019 ; Total parcel volumes : Decreased by 12 % year on year but grew by 18 % vs. same period in 2019 ; Total letter revenue : Increased by 18.3 % year on year and declined by 7.3 % vs. the same period in 2019 . Addressed letter volumes ( excluding elections ) : Increased by 13 % year on year and declined by 19 % vs. the same period in 2019 ; Revenue : Increased 9.3 % year on year and by 30.5 % vs. the same period in 2019 . Volume : Increased by 9 % year on year and by 30 % vs. the same period in 2019 . 1