Yodel notes the speculative press coverage regarding the current situation of the company.

In the summer of 2023, following a number of unsolicited approaches, we appointed Clearwater International to carry out a full strategic review. As a result ,the company is now at an advanced stage with several interested parties wishing to complete a purchase. We can confirm that these discussions are constructive, and we anticipate that hopefully we will announce a positive outcome shortly.

While these discussions are in the final stages, operations continue without any disruption, with thousands of parcels travelling through our network and being successfully delivered throughout the UK.

Our performance over the last year is testament to the long-term strength and growth potential of the Yodel business, handling 191 million parcels with revenues up 3.4%. The Christmas peak season achieved record service levels, and we have seen parcel volumes through our Out of Home network more than double with the significant rise in demand for customer-to-customer services.