Full Year Results 

Wincanton profits dip on Covid-19 writedown

Wincanton profits dip on Covid-19 writedown

Logistics group Wincanton (WIN) reaped the benefit of new business wins in the year to 31 March, with a five-year contract with Morrisons (MRW) helping to propel grocery revenue up more than a quarter to £228m. Combined with new customer pick-ups in general merchandise and increased scale and efficiency boosting margins, the larger ‘retail and consumer’ division saw like-for-like underlying operating profit jump 17 per cent to £36m.

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