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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now