09 February 2012

Interim management statement, February 2012

 

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