5th Apr 2022 14:42
Wincanton PLC - Wiltshire, England-based logistics firm - Says full-year ending March 31 is on track to deliver a profit performance in line with market expectations, with a consensus estimate for adjusted pretax profit of GBP56.5 million, within a range of GBP55.5 million to GBP57.0 million. It expects revenue in the fourth quarter to rise 12% year-on-year.
Wincanton says it is largely protected from energy price hikes due to the structure of its contracts and believes its supply channels are robust in the face of uncertainty stemming from Ukraine and Russia.
"Wincanton has delivered a strong final quarter performance, maintaining the positive momentum we have seen throughout the year and with all four parts of the business contributing positively to our growth," says Chief Executive Officer James Wroath.
Results for financial 2022 will be available on May 20.
Current stock price: 380.50 pence, up 2.3% on Tuesday
12-month change: down 7.2%
By Elizabeth Winter; [email protected]
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