31st Mar 2008 07:01
Wincanton PLC31 March 2008 For immediate release 31 March 2008 Wincanton plc ("Wincanton") Pre-Close Trading Update Wincanton today issues the following pre-close trading update for the year to31st March 2008: "We expect the current year to be another period of operational, financial andstrategic progress for Wincanton, both in the UK & Ireland and Mainland Europe. We remain encouraged by the sustained momentum of our UK & Ireland businesses.As anticipated, the strong performance reported at the half year has continuedinto the second half with new wins and contract start ups for a range ofcustomers including Sainsbury's, Gallo Wines, Wavin and BP and a new businesspipeline already developing well for 2008/09. The small infill acquisition in the UK construction sector, announced inNovember has been successfully integrated and is contributing well to ourgrowing operations in this area. In January we announced the acquisition of thecontainer logistics business of Hanbury Davies which has enhanced our presencein another fast-growing sector. The post-acquisition integration process hasgone well and the business is contributing in line with our projections. In Mainland Europe our activities in our focus markets of Germany, France andPoland continue to make progress, with our strengthened management teams andincreased investment in marketing and business development deliveringencouraging signs of increased new business momentum. Wins and renewals in thesecond half in Mainland Europe included Bosch, Heineken, Honeywell and NCR. Asmall infill acquisition in Germany has further strengthened our growingHigh-Tech operations. Further acquisitions remain under review in both the UK & Ireland and MainlandEurope. We continue to anticipate that the results for the full year to 31st March 2008will be in line with our expectations." Graeme McFaull, Wincanton Chief Executive, commented: "We expect to report another good performance in the year to 31st March 2008. Wecontinue to see attractive opportunities for Wincanton both in terms of organicgrowth and further acquisitions." For further information please contact: Wincanton plc Tel: 01249 710 000 Graeme McFaull, Chief Executive Gerard Connell, Group Finance Director Buchanan Communications Tel: 020 7466 5000 Charles Ryland / Jeremy Garcia This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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