Eddie Stobart Logistics increases turnover but feels profit pinch

Eddie Stobart Logistics

Eddie Stobart Logistics’ (ESL) turnover increased 25% year-on-year in the half year period the group said today (9 July), but it also warned that profit would be at the lower end of expectations. In a trading statement, ESL said group turnover increased due to organic growth and a full first-half contribution from The Pallet Network, which ESL purchased last year. On a like-for-like basis turnover increased by 8%, reflecting continuing organic growth and a number of new contract wins. However, […]