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    RMG   GB00BDVZYZ77

ROYAL MAIL PLC

(RMG)
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Royal Mail : Former Royal Mail CEO Rico Back joins Tiger Asset Management as chairman

04/07/2021 | 04:51am EDT

LONDON (Reuters) - Former Royal Mail chief executive Rico Back has joined Swiss-based Tiger Asset Management AG as chairman with immediate effect, the money manager said on Wednesday.

In his new role, Back will help support Tiger AM's growth as an institutional investment advisory firm within Europe, Tiger AM said in a statement.

Based in Pfaeffikon, Tiger AM was founded in 2008 and manages around $100 million. It specialises in an absolute return strategy focused on listed equities primarily in Germany, Austria and Switzerland.

Back was previously CEO of Royal Mail from 2018 before standing down in May 2020 after a stint marked by battles with unions over a proposed restructuring plan for the UK postal monopoly.

Prior to taking the helm, he had founded and ran Royal Mail's German arm GLS for almost three decades.

Tiger AM founder Matthias Rutsch said: "I am sure his support and extensive network across the European business community will prove invaluable as we embark on the next stage of our growth."

(Reporting by Simon Jessop; editing by Carolyn Cohn)


© Reuters 2021
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Financials
Sales 2021 12 500 M 17 289 M 17 289 M
Net income 2021 438 M 606 M 606 M
Net Debt 2021 749 M 1 036 M 1 036 M
P/E ratio 2021 11,8x
Yield 2021 1,95%
Capitalization 5 121 M 7 078 M 7 083 M
EV / Sales 2021 0,47x
EV / Sales 2022 0,45x
Nbr of Employees 135 049
Free-Float 85,6%
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Technical analysis trends ROYAL MAIL PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 554,13 GBX
Last Close Price 512,60 GBX
Spread / Highest target 38,1%
Spread / Average Target 8,10%
Spread / Lowest Target -44,6%
EPS Revisions
Managers and Directors
NameTitle
Simon Thompson Chief Executive Officer & Director
Mick Jeavons Chief Financial Officer & Executive Director
Keith Williams Non-Executive Chairman
Christian Herrlich Group Chief Information Officer
Achim Dünnwald Chief Operating, Strategy & Transformation Officer
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