25 Jun 2021 07:00
25 June 2021
XPEDIATOR PLC
("Xpediator" or the "Group")
Trading Update
Xpediator (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe, is pleased to confirm that, further to the AGM Statement of 8 June 2021, based on positive trading trends for the first six months of the year, it is able to increase guidance in respect of expected performance for the year to 31 December 2021.
As stated on 8 June 2021, demand for the Group's services across all three divisions has been strong, with those parts of the Transport and Logistics & Warehousing divisions that were impacted by the Covid-19 pandemic, now all trading positively.
As with many logistics businesses, the majority of profits are made in the second half of the year. However, results received to date for June 2021 have continued the strong trading trends since early 2021, and the Board now believes the business is well placed to deliver full year adjusted profit before tax in excess of £8.5 million.
Robert Ross, Chief Executive Officer of Xpediator, said: "We have had a good first half which has positioned us well for a strong outcome for the full year. We are bringing the Group closer together unifying IT, people and brands, the benefits of which are starting to come through."
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Xpediator plc | Tel: +44 (0)330 043 2395 |
Robert Ross, Chief Executive Officer | |
Mike Williamson, Chief Financial Officer | |
Cenkos Securities plc (Nominated Adviser & Broker) | Tel: +44 (0)20 7397 8900 |
Giles Balleny, Max Gould (Corporate Finance) Alex Pollen, Michael Johnson (Sales) | |
Novella Communications (Financial Public Relations) | Tel: +44 (0)20 3151 7008 |
Tim Robertson | |
Fergus Young |
About Xpediator:
Xpediator is a well-established international provider of freight management services. Established in 1988, the Group's international network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through its three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs over 1,200 people and was successfully listed on London's AIM market in 2017.
For more information, please visit: www.xpediator.com.
Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.