Mixed fortunes for Eddie Stobart in past four months

Stobart Group says its transport and distribution division Eddie Stobart has experienced “mixed fortunes” since March.

In the past four months Eddie Stobart says its ambient transport and warehousing operations have been performing well and is “witnessing more new business opportunities than in previous years”.

However, it warns that  the restructure of its chilled operations, whilst progressing, has resulted in some further costs. In the past six months its chilled operations, with the closure of its Corby and Alcester distribution centres (DCs), transferring to a new site in Manga Park, near Lutterworth in Leicestershire.

Its recommended offer for Autologic will add £144.7mof turnover and £2.1m of pre-tax profit to Eddie Stobart’s £519.5m of turnover and £27.4m of pre-tax profit.