Wincanton improves profitability as it wins and exits contracts


 

A strong performance in its contract logistics division; the sale of its records management division; and Pullman Fleet Services walking away from two “onerous” loss-making contracts helped Wincanton improve its profit and reduce its net debt in its most recent financial year. For the year-ending 31 March Wincanton saw turnover rise 3.6% to £1.14bn, from £1.1bn in financial year 2015. However, if you exclude contributions from its record management business – which it sold to Restore in November 2015 for […]