Signs of recovery for transport at Wincanton

Signs of recovery for transport at Wincanton

In June 2017 Wincanton (WIN) warned of trouble in the transport division. Trading in that business had been “weaker than expected”, but the hope was that it would be mitigated by cost efficiencies. Full-year figures suggest that in-house measures have been effective, with underlying operating profit of £52.9m slightly ahead of analysts’ forecasts, while the transition through to earnings was aided by a lower interest charge.

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