Trading Update

RNS Number : 8993D

Wincanton PLC

03 April 2014

 



For immediate release

3 April 2014

Wincanton plc ('Wincanton' or the 'Group')

Trading Update

Wincanton, a leading provider of supply chain solutions in the UK & Ireland, today issues the following trading update ahead of preliminary results for the year ended 31 March 2014.

The Board is pleased to report that Wincanton continues to trade in line with expectations.

Wincanton has seen solid levels of activity from its Contract Logistics business and that the recovery in the UK construction sector, highlighted in the February Interim Management Statement, continues to be reflected in its Construction volumes. The Group's Specialist Businesses, Pullman Fleet Services and Wincanton Records Management continue to trade in line with expectations whilst volumes in the Containers business remain broadly flat.

As first announced in October 2013, the Group proposed to close the Wincanton Defined Benefit pension scheme (the 'Scheme') to future accrual. The consultation period with affected employees and their recognised representatives has now concluded, closing the Scheme to all future accrual. The vast majority of the former active members of the Scheme, approximately 7.0% of Wincanton's total workforce, have selected to participate in the Group's range of defined contribution pension arrangements going forward. Pension benefits built up to the date of closure will be preserved.

Wincanton will announce preliminary results on Thursday 5 June 2014.

For further information please contact:

Wincanton plc                                               Tel: [phone]

Eric Born, Chief Executive

Adrian Colman, Group Finance Director

Buchanan                                                      Tel: [phone]

Jeremy Garcia / Gabriella Clinkard

 

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