Wincanton PLC
31 March 2008
For immediate release 31 March 2008
Wincanton plc
('Wincanton')
Pre-Close Trading Update
Wincanton today issues the following pre-close trading update for the year to
31st March 2008:
'We expect the current year to be another period of operational, financial and
strategic progress for Wincanton, both in the UK & Ireland and Mainland Europe.
We remain encouraged by the sustained momentum of our UK & Ireland businesses.
As anticipated, the strong performance reported at the half year has continued
into the second half with new wins and contract start ups for a range of
customers including Sainsbury's, Gallo Wines, Wavin and BP and a new business
pipeline already developing well for 2008/09.
The small infill acquisition in the UK construction sector, announced in
November has been successfully integrated and is contributing well to our
growing operations in this area. In January we announced the acquisition of the
container logistics business of Hanbury Davies which has enhanced our presence
in another fast-growing sector. The post-acquisition integration process has
gone well and the business is contributing in line with our projections.
In Mainland Europe our activities in our focus markets of Germany, France and
Poland continue to make progress, with our strengthened management teams and
increased investment in marketing and business development delivering
encouraging signs of increased new business momentum. Wins and renewals in the
second half in Mainland Europe included Bosch, Heineken, Honeywell and NCR. A
small infill acquisition in Germany has further strengthened our growing
High-Tech operations.
Further acquisitions remain under review in both the UK & Ireland and Mainland
Europe.
We continue to anticipate that the results for the full year to 31st March 2008
will be in line with our expectations.'
Graeme McFaull, Wincanton Chief Executive, commented:
'We expect to report another good performance in the year to 31st March 2008. We
continue to see attractive opportunities for Wincanton both in terms of organic
growth and further acquisitions.'
For further information please contact:
Wincanton plc Tel: 01249 710 000
Graeme McFaull, Chief Executive
Gerard Connell, Group Finance Director
Buchanan Communications 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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