Wincanton PLC
20 July 2006
For immediate release 20 July 2006
Wincanton plc
AGM Statement
David Malpas, Chairman of Wincanton plc ('Wincanton') will make the following
comments at the AGM later today:
'Wincanton reported a strong performance in the year to 31 March 2006, building
further on its consistent record of profit improvement, cash flow generation and
dividend growth.
The high levels of new business activity that delivered this performance have
been sustained in the first quarter of the new financial year. We are encouraged
by the progress being made in the current year.
Our development pipeline in the UK & Ireland remains strong. Another contract
win with Argos, for example, adds the inbound management of container traffic to
our existing operations for this fast-growing customer. Our business with
Sainsbury also continues to expand, supporting both larger stores and their
convenience network. Contract wins and successful renewals are again being seen
across all areas of our business. The UK & Ireland remain growth markets for
Wincanton.
In Continental Europe, we are confident that the progress being made this year
will improve profitability from these operations. In France, for example, a
recent contract win to build and operate a new distribution centre for
Kronenbourg in Strasbourg confirms that our enlarged business is developing
encouraging momentum. Contract gains in Germany are generating incremental
volume for our network, and our new business teams remain very active in Central
and Eastern Europe.
There is substantial potential for further organic growth within our portfolio.
We also continue to review opportunities to accelerate our growth through
acquisition.
Our markets, as always, remain challenging and competitive, but all current
indications give cause for confidence that the year to 31 March 2007 will be
another period of progress for Wincanton.'
For further enquiries please contact:
Wincanton plc Tel: 01249 710000
Graeme McFaull, Chief Executive
Gerard Connell, Group Finance Director
Charles Carr, Marketing & Communications Director
Buchanan Communication Tel: 020 7466 5000
Charles Ryland / Jeremy Garcia
This information is provided by RNS
The company news service from the London Stock Exchange
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