Wincanton has revealed a slew of new business wins and renewed contracts, but is continuing to see competitive pressure across many of is divisions as customers focus on their costs.

In an interim management statement covering the period from 1 April to date, the operator said it had secured a number of new deals in its contract logistics division, including a three-year contract with Halo Foods, a multichannel nationwide warehousing and distribution contract with homeware firm Loaf.com and a four-year contract with Marley Eternit, covering the distribution of cladding materials.

It has also recently had its contract with soft drinks manufacturer Britvic extended to include the management of its automated NDC for three years.

However, it admitted that it has felt pressure from customers that are trying to maintain tight control of their costs, despite a better economic outlook. Its construction business is performing well and its specialist businesses are performing "in line with expections".

It added that there has been “no significant change” to its financial position since its annual results were published earlier this year.

Chief executive Eric Born said Wincandon will continue to focus on contract renewals, new business, operational excellence and free cash flow generation.

He added: “Wincanton has traded well in the first part of the year following on from the good performance delivered in the last two years. The new business wins and renewals in the year to date show our continued ability to add significant value to our customers’ logistics and supply chain operations."

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