Eddie Stobart Logistics annual results make “difficult reading” as company records £238m loss


 

Eddie Stobart Logistics (ESL) made a statutory loss of £238.9m last year after ratcheting up exceptional costs of £200.2m, including a £169.2m impairment charge. Announcing its annual results for the year to 30 November 2019, chairman Adrian Collins said the report made “difficult reading” but insisted the company is putting “these issues behind us”. The results reflect the impact of a turbulent year at the company which saw it come close to collapse after its shares were suspended following the […]