Wincanton reports good momentum

Logistics and transport group Wincanton today reported an "excellent result" at its UK and Ireland division following recent contract wins.

Logistics and transport group Wincanton today reported an "excellent result" at its UK and Ireland division following recent contract wins.

The Wiltshire-based group signed a new contract with supermarket group Somerfield in September which is expected to be worth £900m (€1.3bn) in the next five years.

It also works with Tesco, Sainsbury, Argos and Dixons and in April signed a transport contract with Britvic.

Pre-tax profits slipped to £15.1m (€22.4m) for the six months to September 30 from £15.2m (€22.6m) the year before.

In the UK and Ireland, operating profits rose 10% to £20m (€29.7m) while in mainland Europe profits lifted 17% to £356.7m (€529.9m).

Chairman David Malpas said: "We expect to see the encouraging momentum of our UK and Ireland businesses continue into the second half, supplemented by initial contributions from our recent acquisitions."

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