Wincanton’s underlying operating profit rose 5.3 per cent to £20m for the first half on sales up 9.9 per cent to at £879.8m.
Chairman David Malpas said: “Levels of activity in our businesses in the UK and Ireland remained high in the first half. Successful contract start-ups were managed for new and existing customers such as Argos, GlaxoSmithKline, Matalan, Tulip and Unilever. We saw both business extension and expansion with other customers such as Pernod Ricard, Sainsbury, Shell Gas and Tesco.”
Business in the UK & Ireland showed a four per cent increase in underlying operating profit, to £18.2m on revenue up nine per cent to £574.1m. Continental Europe, with revenue up by 11.7 per cent to £305.7m, also showed underlying profit growth on last year, up £0.3m to £1.8m.
“We are expecting to see, in the second half, a continuation of the high levels of operational activity and new business development opportunities,” said Malpas.
Graeme McFaull, who is currently managing director of Wincanton’s operations in the UK and Ireland, will take over as chief executive Paul Bateman, who is retiring, in December.
Profit boost for Wincanton
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