TIDMWIN
RNS Number : 2227H
Wincanton PLC
05 April 2022
5 April 2022
Trading Update
And
Notice of Results
Strong Q4 trading and continued progress on strategic
delivery
Wincanton plc, a leading supply chain partner for UK business,
today issues the following trading update ahead of its full year
results for the year ended 31 March 2022.
Highlights
-- Group Q4 revenue is expected to increase +13% on an
underlying basis excluding disposed businesses
-- Excellent growth in strategic focus markets:
o eFulfilment full year revenue +56% including the acquisition
of Cygnia (+41% excluding acquisition)
o Public and Industrial full year revenue +18%
-- Credit facilities renewed and increased to support growth strategy
-- On track to deliver profit performance in line with market expectations(1)
Strong Q4 performance with further contract wins and successful
mobilisations for new business
Wincanton has continued to deliver strong revenue growth
throughout the period, with positive contributions from all four of
the Group's sectors. Group revenue is expected to grow by 12%
compared to the same quarter last year, or 13% on an underlying
basis excluding the impact of disposals. The Group continues to
perform in line with current market expectations for the full
financial year.
efulfilment is expected to deliver year-on-year growth of 56%
for the full year including the Cygnia acquisition (expected +41%
excluding acquisition). Cygnia has been integrated into the
business and the combined business is generating a healthy pipeline
of prospects. Online volumes continue to be influenced by the
public response to the relaxing of pandemic restrictions as high
street sales return, however the medium-term outlook for online
eFulfilment remains strong.
Public and Industrial is expected to show year-on-year growth of
18% for the full year. In addition to being appointed to run a new
DEFRA site within the Sevington Inland Border Facility, t he Group
has secured a further contract to process and store PPE on behalf
of the Government. This involves sourcing 330,000sq.ft. of storage
space via our innovative shared warehousing platform, OneVAST
warehouse.
Our two retail sectors, Grocery and Consumer and General
Merchandise, are expected to grow revenue year-on-year by a
combined 17%. A key success during the period has been the
mobilisation of the recently secured Primark contract for the
management of all their UK warehouse-to-store transport logistics.
This has involved securing 160 pieces of transport equipment and
the recruitment or transfer of 96 driver colleagues and
demonstrates Wincanton's capability to seamlessly deliver contracts
of this scale.
Wincanton has successfully signed a renewal to its credit
facilities for a further four years until March 2026 and has
extended this commitment up to GBP175m. This funding will be
available to support the continued delivery of the Group's growth
strategy.
On track to deliver in line with market expectations
Driver and labour shortages have stabilised following the peak
activity of the previous quarter and the Group has been successful
in increasing its employed driver colleagues by 260 to 5360.
Wincanton has reviewed its own supply chains and procurement
channels in response to the conflict in Ukraine and the economic
sanctions placed on Russia. Management will continue to closely
monitor key suppliers, though the Group remains confident its
supply channels are robust. Wincanton is largely protected from the
recent increases in fuel prices through the structure of its
contracts, however the Group continues to work closely with
customers to manage these cost pressures.
The Board is confident in the future growth opportunities and is
pleased with the continued progress made against Wincanton's stated
strategy.
The Group will announce its full year results for the year ended
31 March 2022 on 20 May 2022.
James Wroath, Wincanton's Chief Executive Officer, said:
"Wincanton has delivered a strong final quarter performance,
maintaining the positive momentum we have seen throughout the year
and with all four parts of the business contributing positively to
our growth. We continue to deliver against our strategy, with
significant growth in our focus markets of eFulfilment, public and
infrastructure, and we are well placed to capitalise on the
opportunities we have ahead of us in the coming year."
Footnote
(1) Consensus for the year ending 31 March 2022 is adjusted
profit before tax of GBP56.5m within a range of GBP55.5million to
GBP57.0million
ENDS
For further information please contact:
Wincanton Plc Tel: +44 12 4971 0000
James Clarke, Interim Chief Financial Officer
Headland Tel: +44 20 3805 4822
Susanna Voyle/ Henry Wallers/Marta Parry-Jones
E: wincanton@headlandconsultancy.com
Notes to Editors:
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.
It 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 20,000-strong
team operates from more than 200 sites across the country,
utilising 3,500 vehicles.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTEAXLLEEDAEFA
(END) Dow Jones Newswires
April 05, 2022 02:00 ET (06:00 GMT)
Wincanton (LSE:WIN)
過去 株価チャート
から 3 2024 まで 4 2024
Wincanton (LSE:WIN)
過去 株価チャート
から 4 2023 まで 4 2024