Wincanton confident on financial targets

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Wincanton reckons its on track to hit its targets for the year despite continuing competitive pressures.

In an interim management statement is said that within Contract Logistics, it renewed its contract with Pernod Ricard for its UK warehousing, repacking and customer delivery transport operations for a further five years.

And the group extended its partnership with Morrisons to support the continuing expansion of its “M Local” format in the north of England with a five-year contract.

It also won a three-year national distribution contract with CEMEX where Wincanton will be responsible for both the planning and transport of bagged cement to UK construction sites, retailers and wholesalers across the country.

Chief executive Eric Born said: “Wincanton has started the year well and we are on track to continue to deliver our strategic plan.

“While we expect the economy to remain challenging, we continue to progress along our path to maximise our operational performance and focus on free cash flow generation.”

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