Wincanton, the Chippenham-based logistics group which recorded a £75.5m first half loss, said in an interim statement today that it has continued to trade in line with its expectations since October 1.
Last year the group refinanced its debt through a £185m bank facility and a £75m term facility following completion of the sale of its remaining loss-making European operations to German company Rhenus. Wincanton chief executive Eric Born said at the time that it was an important step in the overall repositioning of the group following the withdrawal from Europe. He added: "It ensures that Wincanton has facilities in place with a maturity profile that allows the company to focus on delivering profitable growth in the solid UK and Ireland business and to generate positive cashflow in the future."
Since October the group says it has 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.
It has also continued to trade Asda and new contracts with SuperGroup Premier Foods, Chevron, B&Q and Thames Water, demonstrating momentum in its new businesspipeline across different industry sectors. Wincanton continues to secure renewals including those with WHSmith, Husqvarna and Procter & Gamble.
