9th Feb 2012 07:00
Wincanton plc ('Wincanton') 9 February 2012
Interim Management Statement
Wincanton issues the following Interim Management Statement for the period from 1 October 2011 to the date of this announcement:
During the period Wincanton has continued to trade in line with its expectations.
Wincanton secured a major win with Asda and new contracts with SuperGroup, Premier Foods, Chevron, B&Q and Thames Water, demonstrating momentum in its new business pipeline across different industry sectors. Wincanton continues to secure renewals including those with WHSmith, Husqvarna and Procter & Gamble.
During the period Wincanton completed the last disposal in the strategic withdrawal from its Mainland European businesses which will allow Wincanton to focus on developing its leading position in the UK & Ireland markets.
Wincanton announced the refinancing of its main bank facility in January following the completion of the disposal above. The refinancing saw a diversification of Wincanton's capital structure and a much improved maturity profile of its debt.
Ends
For further information, please contact:
Wincanton plc
Eric Born, Chief Executive - 01249 710 000
Jon Kempster, Group Finance Director - 01249 710 000
Buchanan
Charles Ryland / Jeremy Garcia / Catherine Breen - 020 7466 5000
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