Half Year Results 

Eddie Stobart delivers on new contracts

Eddie Stobart delivers on new contracts

During the first half Eddie Stobart Logistics (ESL) won £158m-worth of new business with blue-chip customers. This included deals with CEMEX UK, Knauf, Homebase and Britvic (BVIC), along with PepsiCo after the period end. It also renewed £113m-worth of business with existing customers. But these new contracts have come at a cost. Operating profit fell by nearly a quarter to £5.1m due to costs associated with servicing this new business, specifically reorganising the network and warehousing. But chief executive Alex Laffey is confident the benefits will be evident in the second half.

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