Eddie Stobart holding company “exceeds expectations” in annual results


 

The holding company for Eddie Stobart said revenues had increased by 2% for the year ending 30 November 2020, to £874.3m. GreenWhiteStar Acquisitions (GWSA), which as well as Eddie Stobart also includes Eddie Stobart Europe, iForce, The Pallet Network, Logistics People and an investment in Speedy Freight, said underlying EBITDA profit during the period was £47.8m, compared to £4.2m the previous year. The company said the impact of changes in accounting standards – IFRS 16 – further increased its underlying […]