Royal Mail says outlook "challenging" as mail recovery lags
LONDON, Feb 6 (Reuters) - Royal Mail said the outlook for its next year was "challenging" as addressed letter volumes were not recovering as expected, although recent trading was in line with forecasts, helped by a busy Christmas and a December national election.
The British company said revenue for the nine months to Dec. 29 increased 3.7%, and confirmed its adjusted group operating profit for 2019-20 was expected to be 300-340 million pounds.
(Reporting by Paul Sandle; editing by Kate Holton)