Monday 20th Nov 2017 - Logistics Manager

56pc revenue rise at Xpediator

Xpediator plc, parent company of Delamode, increases turnover by 56 per cent to £49.1m in the first half of 2017, while operating profit was up 24 per cent to £1.3m.

Chairman Alex Borrelli said: “We are pleased to have successfully raised a net £4 million pursuant to the Group’s AIM listing in August and we welcome our new shareholders. The business is progressing well, like-for-like revenues have increased substantially and all divisions continue to prosper with strong organic growth.

“We have a strategy to grow through developing our existing core activities and by acquisition of complementary businesses that also potentially add new geographic territories, enhance our current base of customers and/or add new services.

“We are in advanced discussions with certain target companies, as noted in the Company’s Admission Document, which if acquired should provide synergies and cross-selling opportunities as well as being earnings enhancing.”