- 17 June 2019
- Transport / Logistics Services
Delivery company Hermes Parcelnet has reported a turnover of £749.5 million at year ending 28 February 2019. This is up 12.6% from £665.6 million the year before. Profit before tax was £29,303,000.
The company says the figures reflect “sales volume growth of 10.7% additional premium rate service offers, such as International deliveries and an increasing levels of premium next day traffic”.
Also a “full range of large retail clients and smaller business have been added to the client roster in the last 12 months.”
The growth comes from investment in its core IT platforms, which it plans to do more. Hermes is also developing new applications such as safe place photos, GPS matching of delivery addresses, and optional route optimisation on hand held terminals to aid our couriers in providing an enhanced service to clients and consumers.
Hermes recently offered GMB union members a new ‘self-employed plus’ model of working. This offers couriers the potential for union recognition, to receive paid holiday, and guaranteed rates of pay.
The directors added that they “remain conﬁdent that the growth in previous years will continue in the year ahead, as the business continues to invest in future development”.