Change of Results Announcement Date

RNS Number : 9991I

Eddie Stobart Logistics PLC

27 March 2018

 

27 March 2018

Eddie Stobart Logistics plc

("Eddie Stobart")

Change of Results Announcement Date

Eddie Stobart, a leading UK logistics and supply chain company, will announce its financial results for the year ended 30 November 2017 at 7.00am on Tuesday 10 April 2018, rather than on Thursday 29 March 2018 as previously announced.

As a result of the complexity of our financial year ended 30 November 2017 which included our IPO, a number of acquisitions and a refinancing, it is taking longer than anticipated to complete our audit. We have therefore decided to reschedule the announcement of our full year results.

Eddie Stobart remains confident of delivering full year revenue, underlying EBIT performance and recommending a final dividend in line with market expectations.

Enquiries:

Eddie Stobart Logistics plc Alex Laffey, Chief Executive Officer Damien Harte, Chief Financial Officer www.eddiestobart.com	via FTI Consulting
Cenkos Securities (Nomad & Joint Broker) Nicholas Wells / Jeremy Osler / Harry Hargreaves www.cenkos.com	[phone]
Berenberg (Joint Broker) Chris Bowman / Toby Flaux / James Brooks [e-mail] www.berenberg.com	[phone]
FTI Consulting LLP Nick Hasell / Matthew O'Keeffe / Alex Le May www.fticonsulting.com	[phone]

About Eddie Stobart Logistics

Eddie Stobart Logistics is a leading supply chain, transport and logistics business providing industry-leading services to many of the UK's best-known brands.

From its headquarters in Warrington, the business operates some 2,500 vehicles, 3,800 trailers and 26 distribution centres throughout the UK and Europe.

Key differentiators of our business are:

·      Flexible, scalable operational network which can be leveraged to support future growth

·      Shared-user consulting led operating model delivering a combination of above average levels of asset utilisation and operational efficiency offering customers a flexible 'pay-as-you-go' model to reflect demand

·      Operations which span the whole supply chain via road, rail, container movements and contract warehousing offering the full range of end to end logistical services

·      Continued investment in people and industry relevant skills through our dedicated Training Academy

·      Well positioned across different sectors, with a strong growth focus in E-Commerce and MIB

·      Long-term contractual relationships with a diversified blue chip customer base

·      Attractive financial profile with sector leading margins and consistent record of delivering growth both organically and through targeted acquisitions

 

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