Wincanton PLC Trading Update and Notice of Results (5769O)
03 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMWIN
RNS Number : 5769O
Wincanton PLC
03 October 2019
For immediate release 3 October 2019
WINCANTON PLC
("Wincanton" or the "Group")
Trading Update
and
Notice of Results
Wincanton, the largest British third-party logistics company,
today issues the following trading update ahead of its half year
results for the six months ended 30 September 2019.
The Board continues to expect results for the financial year to
31 March 2020 to be in line with market expectations.
Wincanton has secured good levels of new business in the first
half including a five-year deal with Morrisons plc for the
provision of transport and vehicle maintenance services. In
addition, a number of contracts with existing customers have been
renewed including adidas, Williams Sonoma and Cormar Carpets.
The Group disposed of two freehold properties during the half
year for gross proceeds of GBP5.5m. An exceptional profit of
approximately GBP2.0m will be reported in the first half in
relation to the sale of these properties.
The Group's net debt at 30 September 2019 is expected to reduce
to approximately GBP15m.
The Group will announce its interim results for the six months
ended 30 September 2019 on Wednesday, 13 November 2019.
For further information, please contact:
Wincanton plc Tel: 01249 710 000
Tim Lawlor, Chief Financial Officer
Buchanan (Financial PR) Tel: 0207 466 5000
Richard Oldworth
Victoria Hayns
wincanton@buchanan.uk.com
Notes to Editors
Wincanton plc
Wincanton is the largest British third-party logistics company
(3PL), providing supply chain solutions to some of the world's most
admired brands 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.
Improved stock visibility and availability, reduction of lead
times, collaborative warehousing and transport models, and an
absolute commitment to continuous improvement, are just some of the
reasons why many of our customer relationships extend to more than
20 years.
Key facts:
-- Annual revenue in the UK & Ireland exceeds GBP1.1
billion
-- Over 18,000 colleagues including 4,600 drivers
-- Operates from 200+ locations with 14.3 million square feet of
warehousing across the UK and Ireland
-- Operating responsibility for around 3,600 vehicles
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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