26 July 2012
Interim Management Statement
Wincanton plc (‘Wincanton’ or the ‘Group’)
Wincanton, a leading provider of supply chain solutions in the UK & Ireland, today issues the following Interim Management Statement for the period from 1 April 2012 to the date of this announcement.
The Group has continued to trade in line with expectations.
During the period, Wincanton has continued with strong new business momentum, securing an important win with Kiddicare to support their multi-channel growth, a new contract with Rolls-Royce and shared user warehousing business with The Retail People and Ella’s Kitchen. Additionally, there have been new transport contracts with CEMEX and Smyths Toys and key renewals with Dairy Crest, AvantiGas and Neal’s Yard Remedies.
The Retail sector continues to be competitive, despite that, the Company has won new business with big retailers including Asda and Sainsbury’s. The Company has been especially pleased to receive customer endorsement of its operational excellence and its agility to react to their demands.
The Group has continued to perform well in the Defence sector and in the specialist Pullman and Records Management businesses. Market conditions continue to impact volumes in the Containers sector and, while we have been successful in winning new business, volumes in the Construction sector remain depressed.
Eric Born, Chief Executive commented:
’We have started the year well and are on track to deliver our plan. Whilst we expect the economy to remain challenging, we continue to progress along our path to reduce debt and to return to profitable growth.’
For further information, please contact:
Eric Born, Chief Executive - 01249 710 000
Jon Kempster, Group Finance Director - 01249 710 000
Charles Ryland / Jeremy Garcia / Catherine Breen - 020 7466 5000