Contract momentum back at Wincanton

Investors taking the long view of Wincanton’s (WIN) March-end financial year don’t have too much to grumble about. Yes, contracts lost at the beginning of the period caused a dip in the top line and stalled share price momentum. But operating profits climbed in the period – by 23 per cent in statutory terms, or 4.5 per cent on an underlying basis. For a low-margin business like logistics, that’s normally considered a win.