Wincanton's best year since 2011
In advance of its results for the financial year ending 31 March 2022, UK-headquartered Wincanton has issued a preliminary outlook. While full year revenue is expected to be up 16.3% to GBP 1.4 billion, with 19.4% organic revenue growth y-o-y excluding the Cygnia Logistics acquisition in September 2021, amongst others.
Revenues were at their highest level since 2011. Underlying profit before tax was up 23.1% to GBP 58.1 million (2021: GBP 47.2 million), an increase of 10% on pre-pandemic levels (2020: GBP 52.8 million).
The company's core sectors of grocery & consumer and general merchandise continue to be the major drivers. Public & industrial saw contract wins and renewals with HMRC, DHSC and Defra, and growth in defence through new work with BAE Systems and Alstom.
Grocery & consumer witnessed record volumes, while general merchandise operations were strengthened by automation and robotics solutions for the Kingfisher Group including Screwfix. (sh)