Wincanton PLC Trading Update and Notice of Results (7478C)
October 03 2018 - 2:00AM
UK Regulatory
TIDMWIN
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 GBP14.5m. An exceptional profit of GBP6m 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.
-Ends-
For further information please contact:
Wincanton Plc Tel: 01249 710 000
Adrian Colman, Chief Executive Officer
Tim Lawlor, Chief Financial Officer
Buchanan Tel: 020 7466 5000
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 GBP1.1 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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END
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