Trading Update and Notice of Results

RNS Number : 7478C

Wincanton PLC

03 October 2018

 

3 October 2018

WINCANTON PLC

('Wincanton' or the 'Group')

Trading Update and Notice of Results

Wincanton, a leading provider of supply chain solutions in the UK and Ireland, today issues the following trading update ahead of its half year results for the six months ended 30 September 2018.

The Group has continued to experience good levels of trading in the first half of the year and the Board expects results for the financial year to 31 March 2019 to be in line with expectations. 

As previously reported, the Group concluded its Triennial pension negotiations in August.  The agreement provides an affordable and sustainable platform, retaining the Group's ability to invest in the business and to maintain its progressive dividend policy.

The Group disposed of a freehold property during the half year for gross proceeds of £14.5m.  An exceptional profit of £6m will be included in the first half in relation to the sale of the property.

The Group will announce its interim results for the six months ended 30 September 2018 on 8 November 2018.

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For further information please contact:

Wincanton Plc                                                                                                  Tel: [phone]

Adrian Colman, Chief Executive Officer

Tim Lawlor, Chief Financial Officer

Buchanan                                                                                                            Tel: [phone]

Richard Oldworth / Maddie Seacombe

Notes to Editors

Wincanton plc

Wincanton is the largest British logistics firm, 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 £1.1 billion

·      Over 17,700 colleagues including 4,000+ drivers 

·      Operates from 200+ locations with 7.6 million square feet of warehousing across the UK and Ireland

·      Operating responsibility for around 3,600 vehicles

 

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