UK Express Parcels: Competitive Landscape

What does the report contain?

• In this report we review the competitive landscape of the UK parcels market. We look at the types ofoperators, how they differ and how they have developed. We also review the individual carriers lookingat how they have performed, and, importantly, what factors, such as their business models, mightexplain the differences in performance and what the implications might be for the future
• This review is supported by detailed profiles of all the main parcels operators. The profiles includebackground information on the companies, historical developments and recent news, analysis of theirfinancial performance and benchmarking against their peers, as well as our considered and evidencedviews
• While many reports on the industry contain data and description, a critical objective for us in writing thisreport has been to supplement this with our insights and conclusionsWhy did we write this report?

The UK parcels industry has continued to evolve dynamically with

• Continued overall growth
• Macro factors such as the trend growth of home shopping and the cyclical impact of the economyon volumes continuing to provide a challenge to market participants
• Some continued consolidation of the market through acquisition
• Ongoing refinement of operating models to enable evolving customer needs to be servedprofitably

We believe that, in order for those involved in the market to make the best decisions in this complex andchanging environment, they need to have access to the best information. The aim of this report is to provide this.

It is intended for parcels carriers themselves, users of their services, partners, investors, banks,analysts, consultants and other parties with interests in the sectorWhat are the sources and methodology?

This report is based on

• A comprehensive review of published information on the sector
• Financial analysis of the accounts of companies in the industry
• Interviews with senior-level contacts in the market
• Our own experience of advising both companies and investors in the express parcels industry

Information from these sources has been synthesised and presented clearly and concisely with extensive use of charts and tables to illuminate points and support conclusions