Wincanton PLC Trading Update and Notice of Results (0878C)
2022年10月7日 - 03:00PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 0878C
Wincanton PLC
07 October 2022
7 October 2022
Wincanton plc
("Wincanton" or the "Group")
H1 TRADING UPDATE AND NOTICE OF RESULTS
Wincanton plc, a leading supply chain partner for UK business,
today issues the following trading update ahead of its half year
results for the six months ended 30 September 2022.
Wincanton Trading Update
The Group's revenue for the first six months was up c.8% (c.6%
excluding acquisitions). This increase was driven by continued
volume and new business growth across all four business sectors.
The acquisition of Cygnia delivered growth of c.18% in the
eFulfilment sector. In our other strategic growth sector, Public
& Industrial delivered c.6% revenue growth. Our General
Merchandise and Grocery & Consumer sectors grew c.11% and c.4%,
respectively.
The strength of Wincanton's service proposition means the Group
continues to win new business, from both new and existing
customers. New contracts, such as with Primark, The White Company,
MGA, Wickes and DEFRA, contributed significantly to the
year-on-year increase in revenue.
The Group continues to manage inflationary pressures across its
markets. Approximately 70% of the Group's contracts remain Open
Book, providing a clear mechanism for cost increases to be passed
to customers. This is particularly true in the Group's foundation
sectors of General Merchandise and Grocery & Consumer. The
Group also continues to take a proactive approach to managing the
commercial consequences of cost pressures in its Closed Book
contracts .
The balance sheet remains strong, with net debt closing at
c.GBP2m, c.GBP14.4m improvement on H1 FY22. As a result of the
substantial derisking of our pension portfolio, recent LDI
volatility has not impacted the funding position of the scheme.
With sustained growth in its strategic markets, the Group
expects to deliver financial performance in line with market
expectations for FY23. The Board remains confident in the Group's
strategy, underpinned by a strong pipeline of new business across
all sectors for FY23 and beyond.
Wincanton will announce its interim results for the six months
ended 30 September 2022 on Tuesday, 15 November 2022.
For further information please contact:
Wincanton Plc Tel: +44 12 4971 0000
James Wroath, Chief Executive Officer
Tom Hinton, Chief Financial Officer
Headland Tel: +44 20 3805 4822
Susanna Voyle/ Henry Wallers
E: wincanton@headlandconsultancy.com
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END
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Wincanton (LSE:WIN)
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