Wincanton has told investors that its full year turnover will be lower than 2018’s, after the late start of a number of new contracts failed to offset its exit from several low margin deals. In a trading update Wincanton said: “The strong wins achieved in the second half were too late in the year to mitigate the impact from contracts lost at the end of the previous financial year and first half of this year. “However, the loss of the […]
Wincanton has extended and expanded its relationship with oil refining and energy firm Phillips 66 in a deal that will see it deliver in excess of one billion litres of petroleum products a year to forecourts across the Midlands and North-East of England.
Wincanton is confident in its growth prospects for the current financial year, as it begins to see the benefits from the disposal of its records management arm and the termination of loss-making contracts in its Pullman Fleet Services business.