International Distributions Services (GB:IDS) has released an update.
International Distribution Services (IDS) reported an 8.2% revenue growth for the first half of the year, rebounding to an adjusted operating profit, despite challenging market conditions. Royal Mail’s transformation efforts contributed to improved financial performance, while GLS faced pressures in certain markets but continued to expand its network and digital services. The Group’s net debt rose, yet it maintained a strong balance sheet, emphasizing the need for further investment and strategic reforms.
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