Wincanton returns to profitability and targets market share gains


 

Wincanton has reversed heavy losses and is “back on track” – despite a 9.6% fall in turnover – after a turbulent two years that saw it sell its loss-making European activities and exit a poor performing market in the UK. For the 12 months ending 31 March Wincanton posted a pre-tax profit of £24.8m, a dramatic turnaround from the £47.4m loss it made a year ago. This was despite a fall in turnover from £1.2bn to £1.08bn. It had expected […]