A prominent parcel delivery giant has reported strong revenues and profits for what it described as "another successful operational period".
DPD began life in the UK in 1970 as Courier Express, changing its name to Parceline in 1984 when it was acquired by Mayne Nickless of Australia. La Poste bought the business in 2000.
Newly filed accounts for DPD Group UK, which is headquartered in Smethwick, show a turnover of £1.49bn for the year to 1 January 2023, down from a record £1.57bn in 2022.
Pre-tax profits went from £302.4m to £299.5m over the same period.
A statement signed off by the board said: "The company had another successful operational period, meeting all stakeholder expectations, delivering strong revenues, volumes, profits and services levels.
"The largest share of revenue comes from next day parcels, although the company continued to grow revenue from its premium and specialist value-added services.
"For international deliveries the company continued to benefit from its group membership of the leading European road-based DPD network."
It added: "The company ended the year in a very strong financial position and the board believes that this position, coupled with the strength of its parent La Poste, puts it in a market-leading position for future development."