E-commerce pushing Wincanton
Wincanton has reported unaudited results for is financial year running from 1 April 2021 to 31 March 2022. Since e-commerce was pushing business, e-fulfilment's year revenue was up 56% compared to 2020, including the acquisition of Cygnia (+41% excluding acquisition). In the public and industrial segment, revenue rose by 18%.
Besides being appointed to run a new Defra site within the Sevington inland border facility, the group was able to ink a further contract to process and store PPE on behalf of the government. This involves sourcing 30,660 sqm of storage space.
In the retail business, the grocery and consumer and general merchandise sectors are expected to grow revenue year-on-year by a combined 17%.
A key factor for the positive development during the year has been the agreement with Primark to manage the full range of its UK warehouse-to-store transport and logistics. The expected profit before tax will be around GBP 56 million (EUR 67 million). (sh)