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Wincanton PLC - Wiltshire, England-based logistics firm - Continues to trade in line with market expectations, making ‘sustained progress’ despite lower delivery volumes. Says revenue in the quarter ended on June 30 is down 4.5% year-on-year when closed book transport contracts are excluded. It is down 10% when including closed book transport. Says revenue from eFulfilment is up by 15% in the first quarter as wins several significant new eFulfilment contract wins in the quarter. Revenue from the public and industrial sector is up 2.1% year-on-year.
Looking ahead, says it is well-placed to ‘navigate the challenging external environment with its successful strategy and continued investment in automation technology, underpinned by its diversified customer base’.
In May, the firm said pretax profit for the year ended March 31 dropped by 30% to £38.2 million from £54.8 million the year prior, as revenue rose by 2.8% to £1.46 billion from £1.42 billion.
Current stock price: 249.50 pence each, down 0.8% on Wednesday morning in London
12-month change: down 31%
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