Stobart Group has said the integration of Autologic into its Eddie Stobart division has been “seamless” with all assets and key personnel retained. Autologic was bought by Stobart in August, after an initial bid – valuing the company at £12.4m – was made for the company in June. The acquisition adds £144.7m of annual turnover and £2.1m of pre-tax profit to Eddie Stobart’s £519.5m of turnover and £27.4m of pre-tax profit. New deputy chief executive at Stobart Group, and former […]
Eddie Stobart said it would continue fighting to build a national distribution centre in Warrington after its latest application was refused by the Secretary of State.
Stobart Group’s transport and distribution division, Eddie Stobart, saw revenue grow but profit fall in its most recent trading year, as it failed to cover increased costs through rate rises. For the 12 months ending 29 February turnover rose to £519.5m from £475.3m a year ago. However, pre-tax profit fell from £34.2m to £27.4m, due to cost increases of £4m “which have not been fully recovered through rate increases, mainly due to the increase in our customers’ costs”. Furthermore, £11.4m […]
Eddie Stobart Logistics’ growth continued at a gallop in the first six months to 31 May 2018, driven by a mix of acquisitions, new contract wins and retained business.