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7 Jul 2021 07:00
7 July 2021
Wincanton plc
("Wincanton" or the "Group")
AGM Trading Statement
Continued strong sales momentum in the first quarter
Wincanton plc, a leading supply chain partner for UK business, will today hold its Annual General Meeting via webcast at 11.30am. At the meeting, Dr Martin Read CBE, Chairman, will make the following statement:
The Board confirms that the strong revenue performance recorded in the second half of the prior year has continued into the first quarter of this financial year, with sustained growth and an attractive pipeline of opportunities in each of the Group's four sectors. Wincanton continues to make operational and strategic progress and it is trading in line with expectations. Profits are up significantly on the same period last year.
The award of two contract extensions by Ikea to operate its customer distribution centres in Kent and Essex underlines the sustained progress in the development of Wincanton's Digital and eFulfilment offer. While the Group has maintained its positive momentum in the early part of the financial year, it is mindful of the sector-wide pressures related to the availability of drivers. Wincanton is taking steps to address this, including increased recruitment of permanent colleagues and the acceleration of training programmes.
As set out in the Full Year results, a final dividend of 7.50p per share in respect of the year ended 31 March 2021 will be payable, subject to approval at today's AGM, on 6 August 2021 to those shareholders on the register on 9 July 2021.
AGM Details
As previously communicated, in accordance with Government Covid-19 guidelines, shareholders are invited to attend the AGM electronically.
Further information for shareholders, including the details of the AGM webcast, is available at https://web.lumiagm.com, Meeting ID: 109-436-287. To login you must have your SRN and PIN.
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For further information please contact:
Wincanton Plc Tel: +44 12 4971 0000
Tim Lawlor, Chief Financial Officer
Headland Tel: +44 20 3805 4822
Susanna Voyle/ Henry Wallers
E: wincanton@headlandconsultancy.com
Notes to Editors
About Wincanton
Wincanton is a leading British supply chain solutions company. The Group provides business critical services including storage, handling and distribution; high volume eFulfilment; retailer 'dark stores'; two-person home delivery; fleet and transport management; and network optimisation for many of the UK's best known companies.
It is active across a range of markets including food and consumer goods; retail and manufacturing; eCommerce; the public sector; major infrastructure; building materials; fuel; and defence. With almost 100 years' heritage, Wincanton's 19,600-strong team operates from more than 200 sites across the country, utilising 3,500 vehicles.
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