Wincanton results show “significant progress in challenging year”


 

Wincanton saw revenue grow by 1.7% to £1.2bn in the year ending 31 March 2021, fuelled by strong performances in digital and e-fulfilment and new wins in the public sector. However, the third party logistics business also saw underlying pre-tax profit slide 10.6% to £47.2m, due to the impact of Covid-19 in the first quarter. It added that the second half performance was strong and cash management actions taken during the first quarter, resulted in its cash position remaining healthy […]