Wincanton targets growth for 2015 - CILT(UK)
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Wincanton targets growth for 2015

05 June 2015/Categories: CILT, Industry News, Logistics & Supply Chain


Wincanton targets growth for 2015

Supply chain solutions provider Wincanton has targeted growth for the year ahead, having delivered positive results for the year ending March 31st. 

Underlying operating margins stood at 4.5 per cent for the past 12 months, which is up on the corresponding figure of 4.4 per cent recorded for 2013-2014. This was driven by revenue growth of 0.9 per cent to £1.1 billion. 

In recent years, Wincanton's top priority has been debt reduction, with the firm's average debt standing at £136 million last year - down from £168 million the year before. 

Group finance director Adrian Colman - who is due to take over from Eric Born as chief executive officer in August - said debt reduction will remain a priority, but he also wants to target growth. 

Mr Born commented: "I am pleased to report that Wincanton has continued to deliver against our strategy in the year and achieved revenue and profit growth plus further reductions in net debt."

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