Wincanton PLC Q3 Trading Update (8742Z)
17 1월 2024 - 4:00PM
UK Regulatory
TIDMWIN
RNS Number : 8742Z
Wincanton PLC
17 January 2024
17 January 2024
LEI: 213800Z5WTW8QKOHWQ82
Wincanton plc
("Wincanton" or the "Group")
Q3 Trading Update
Trading in line with market expectations
Wincanton, a leading supply chain partner for UK business, today
announces an update on trading for its third quarter (Q3) ending
December 2023, which includes the seasonal retail peak.
Summary:
-- The Group continues to trade in line with market expectations. [1]
-- Total Q3 revenue increased by 1.3% year-on-year, reflecting
growth in core activities (+5.0%) and the continued progress in
exiting closed book transport.
-- Seamless operational performance for retail customers over the seasonal peak.
Q3 revenue grew by 1.3% year-on-year despite a challenging
trading environment and the Group's continued exit from closed book
transport contracts. Revenue from core activities [2] grew by 5.0%
year-on-year as the Group made progress in balancing the contract
mix towards commercially protected agreements with reduced volume
exposure.
The Group's foundation sectors delivered a strong Q3. Grocery
& Consumer revenue was up 2.9% year-on-year driven primarily by
the Group's major open book transport partnership with Sainsbury's.
General Merchandise delivered revenue growth of 3.7% reflecting the
impact of new contracts with New Look and Segen.
eFulfilment revenue grew 8.1% year-on-year driven by the strong
performance of IKEA, Wickes and The White Company contracts. Public
& Industrial revenue was 11.9% lower against a strong prior
year comparator, reflecting the impact of the previously announced
HMRC contract loss. This was partially offset by a strong
performance with defence and industrial customers, notably EDF,
British Salt and BAE Systems operations.
The Board expects the Group to report profit for the current
financial year in line with market expectations. In a challenging
macro-economic environment, Wincanton's deep customer partnerships,
focus on open book contracts and robust control of costs continues
to deliver value for all stakeholders.
James Wroath, Chief Executive Officer of Wincanton, said:
"Wincanton plays a crucial role at the heart of UK supply
chains; this is never more apparent than during the seasonal peak
trading period for our retail customers. I would like to thank all
my colleagues for their hard work and dedication during this
exceptionally busy period. We remain focused on being Britain's
best supply chain partner and on the opportunity to deploy
technology to deliver transformational value for our customers and
shareholders. The macro-economic environment remains uncertain as
we move into 2024 but we are confident our strategy and strong
financial position provides an excellent foundation for growth and
continued strategic delivery in 2024."
-Ends-
For further information please contact:
Wincanton plc Tel: +44 1249
710 000
James Wroath, Chief Executive Officer
Tom Hinton, Chief Financial Officer
Ezra Bigland, Investor Relations Manager
Headland Tel: +44 20 3805
4822
Susanna Voyle / Henry Wallers
E: wincanton@headlandconsultancy.com
About Wincanton
Wincanton is a leading British supply chain solutions company.
The Group provides business critical services including storage,
handling and distribution; high volume eFulfilment; retailer 'dark
stores'; two-person home delivery; fleet and transport management;
and network optimisation for many of the UK's best-known
companies.
The Group is active across a range of markets including food and
consumer goods; retail and manufacturing; eCommerce; the public
sector; major infrastructure; building materials; fuel; and
defence. With almost 100 years' heritage, Wincanton's 20,300-strong
team operates from more than 170 sites across the country,
responsible for 8,500 vehicles.
[1] Market consensus is GBP50.5m PBT for FY24
[2] Sector revenues excluding closed book transport: eFulfilment
+7.6%, Grocery & Consumer +11.4%, General Merchandise +4.0% and
Public & Industrial -10.0%
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END
QRTBFMBTMTABBTI
(END) Dow Jones Newswires
January 17, 2024 02:00 ET (07:00 GMT)
Wincanton (AQSE:WIN.GB)
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부터 5월(5) 2024 으로 6월(6) 2024
Wincanton (AQSE:WIN.GB)
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