Trading Update

RNS Number : 9499E

Wincanton PLC

15 April 2011

 



For immediate release                                                                                                 15 April 2011

Wincanton plc

Trading Update

Wincanton plc ('Wincanton'), the leading European supply chain solutions provider today issues a trading update ahead of its preliminary results for the year ended 31 March 2011, which will be announced on 9 June 2011.

Overall, performance continues to be broadly in line with management expectations as described in our Interim Management Statement on 2 February 2011. The only recent issue of note was reduced revenue from our German Intermodal business in quarter 4 due to the Rhine being closed to traffic for over four weeks.

Eric Born, Chief Executive of Wincanton commented:

'We continue to address the cost base in the UK, Germany and in France as part of our initial objective of achieving stable year on year results in the new financial year.

In the UK core business, we have seen a number of successful renewals notably with customers including Comet, Tesco, WH Smith, BP, Musgrave, Nestle and Wavin. We are confident of further key renewals later in the year and can report a healthy new business pipeline.'

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Wincanton plc

Eric Born, Chief Executive                                                      01249 710 000

Jon Kempster, Group Finance Director

Buchanan Communications

Charles Ryland / Jeremy Garcia                                            020 7466 5000

 

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