Wincanton PLC Trading Update
RNS Number : 3987Y
09 September 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
9 September 2020
("Wincanton" or the "Group")
Strong Group performance driven by Digital and eFulfilment
Wincanton plc, the largest British third-party logistics
company, today announces an update on its trading performance in
the period since its AGM Trading Update on 22 July 2020.
The Group has seen a continued improvement in profitability in
July and August, with a particularly strong performance in Digital
The Digital and eFulfilment business is benefitting from an
increase in demand for online retail, with revenue significantly
ahead of pre-COVID-19 levels. Volumes in the two-person home
delivery business within this sector have remained high through the
summer months. Furthermore, operational efficiencies have led to an
improvement in operating margins in Digital and eFulfilment.
Performance across the rest of the Group is encouraging,
supported by changes to the cost base implemented earlier in the
year in the face of challenging external conditions.
The balance sheet remains healthy, with strong cash collection
and a robust working capital position.
Given the combination of Wincanton's improved trading
performance, cost intervention measures and the recovering economy,
the Board expects results for the current year to be materially
ahead of market expectations. This continues to assume no further
COVID-19 impact that severely affects the business.
For further information please contact:
Wincanton Plc Tel: +44 12 4971 0000
Tim Lawlor, Chief Financial Officer
Headland Tel: +44 20 3805 4822
Susanna Voyle/ Henry Wallers/ Jane Glover
Notes to Editors
Wincanton is the largest British third-party logistics (3PL)
company, providing supply chain solutions to some of the world's
most admired companies across a wide range of industries including
retail, construction, defence and energy.
As a trusted and respected business partner, we design and
implement services and solutions that range from setting up and
operating distribution networks, through to bonded warehouses,
technology hosting, container transport and storage. We strive for
operational excellence in everything we do.
We work hard to understand and respond to our customers' needs,
build long-term relationships and use our skills and expertise to
deliver a smarter, added value service, every day. Our customers
rely on us to make their businesses operate more efficiently and to
gain a competitive advantage in their sector.
-- 19,100 colleagues
-- 200+ locations
-- Responsible for 3,500 vehicles
-- Revenue GBP1.1bn
-- 5,500 drivers
-- 14m sq ft of warehousing space
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(END) Dow Jones Newswires
September 09, 2020 02:00 ET (06:00 GMT)
Grafico Azioni Wincanton (LSE:WIN)
Da Dic 2020 a Gen 2021
Grafico Azioni Wincanton (LSE:WIN)
Da Gen 2020 a Gen 2021