Wincanton PLC
26 March 2003
26 March 2003
WINCANTON PLC
PRE-CLOSE SEASON UPDATE
Wincanton plc today issues the following statement in respect of its recent
Trans European acquisition and the financial year ending 31 March 2003:
'Rapid progress has been made towards the integration of Trans European's UK
business with Wincanton's existing operations. Annualised cost saving targets
will be met within the Board's original timetable and opportunities to deliver
further savings are anticipated. Good progress is also being made in the
assessment of actions required to improve the performance of certain Continental
European operations.
The Board has been encouraged by the positive response of customers to the Trans
European acquisition. Our business development teams are active, both in
respect of national markets and cross-border initiatives, and we are already
seeing incremental opportunities arising from the enhanced customer, service and
geographic base of the enlarged group.
Economic conditions remain challenging. However, against this background, the
Group's operations have been performing broadly in line with expectations'.
Paul Bateman, Wincanton's Chief Executive, commented:
'The Trans European acquisition represents a major strategic step forward for
Wincanton. We have made solid progress on business integration and are working
hard to deliver the growth potential of the enlarged group. Despite the
difficult economic conditions, we have great confidence in its future'.
Contact:
Wincanton plc Tel: 01963 828282
Paul Bateman, Chief Executive
Gerard Connell, Group Finance Director
Charles Carr, Director of Marketing & Communications
Buchanan Communications Ltd Tel: 020 7466 5000
Richard Oldworth/Charles Ryland/Jeremy Garcia
This information is provided by RNS
The company news service from the London Stock Exchange J
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.