26 July 2013
Wincanton plc ('Wincanton' or the 'Group')
Interim Management Statement
Wincanton, a leading provider of supply chain solutions in the UK & Ireland,
today issues the following Interim Management Statement for the period from 1
April 2013 to the date of this announcement.
The board is pleased to report that Wincanton continues to trade in line with
market expectations underpinned by a combination of continued new business wins
and securing important renewals.
As anticipated, the UK and Ireland economies have remained broadly flat in the
first period of this year and we continue to see competitive pressure in our
marketplace as our customers retain a tight focus on their costs.
Within Contract Logistics, the Group successfully renewed its contract with
Pernod Ricard for its UK warehousing, repacking and customer delivery transport
operations for a further five years, which will take this customer relationship
to over twenty years. The Group extended its partnership with Morrisons to
support the continuing expansion of its "M Local" format in the north of
England with a five-year contract. The contract is for combined warehouse and
transport operations, supported by Wincanton's system platform and follows last
year's successful launch of Morrisons' first-ever dedicated convenience
distribution centre in London.
The Group also secured a new three-year national distribution contract with
CEMEX where Wincanton will be responsible for both the planning and transport
of bagged cement to UK construction sites, retailers and wholesalers across the
country.
Within Specialist Businesses Wincanton Records Management continues to perform
well however volumes in the Containers business remain depressed. Pullman Fleet
Services has performed robustly and has a good pipeline of new opportunities to
convert.
The Group prides itself on its reputation for customer service and excellence
and was delighted to have been awarded the Motor Transport Award for Customer
Care in respect of its Home Delivery service for Marks & Spencer.
There has been no significant change to the general financial position of the
Group from that disclosed in the results announcement for the year ended 31
March 2013.
Eric Born, Chief Executive commented:
"Wincanton has started the year well and we are on track to continue to deliver
our strategic plan. Last year the Group demonstrated its ability to increase
profitability in a broadly flat economy. We intend to build on this operational
improvement by maximising the efficiency of our assets and by continuing to add
value to our customers by delivering innovative supply chain solutions which
help them deal with the changes in their markets.
Whilst we expect the economy to remain challenging, we continue to progress
along our path to maximise our operational performance and focus on free cash
flow generation."
For further information please contact:
Wincanton plc Tel: 01249 710 000
Eric Born, Chief Executive
Adrian Colman, Group Finance Director
Buchanan Tel: 020 7466 5000
Jeremy Garcia / Gabriella Clinkard
www.buchanan.uk.com
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