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Annual Results

Wincanton's posts strong set of FY results

17 May 2017 09:16

Wincanton has posted a FY pretax profit of £45.4m, down from £65.8m, in what it described as a strong set of results.

Its revenue was £1.12bn, from £1.15bn. Dividend per share was 9.1p, from 5.5p. On an underlying basis, pretax profit was £51.5m, up from £35.3m.

CEO Adrian Colman said Wincanton's strong financial results were supported by a good stream of contract renewals and new business wins in the year.

"The business is well positioned to invest and continue to grow in attractive markets such as eCommerce and construction," he said.

"We look forward to the future with confidence in the Group's ability to grow for the benefit of all its key stakeholders."

LOOKING AHEAD

Wincanton said it remained well positioned in its chosen markets and continued to perform robustly and deliver strong service levels for customers.

"To date the group has experienced no significant impact from the Brexit vote in June 2016, and we believe the Group can adequately manage any future uncertainty that arises during the Brexit process," it said.

"Robust cash generation supports limited scale investments in skills and technology capabilities to both protect and grow the business for the longer term without raising the Group's overall risk profile."

At 9:16am: (LON:WIN) Wincanton PLC share price was +10.75p at 285.25p

Story provided by StockMarketWire.com

Related Company: WIN

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