Xpediator wins on the Continent
In a first draft of its 2022 unaudited results, UK-based freight management company Xpediator reported rising revenues due to a strong Continental business. The Braintree-based freight forwarder stated that its 2022 revenues were just below GBP 400 million (EUR 454 million), up about 35% from GBP 297 million (EUR 336 million) a year ago.
The company said that adjusted pretax profit is expected to be better than the expected GBP 9 million. Net debts decreased by 55% to GBP 3.6 million by the end of the year. The company's aim for 2023 is to move to a net cash position.
Xpediator added that its freight forwarding operations in Central and Eastern Europe outperformed at the end of 2022, while its UK business branded "Delamode Anglia" also improved. (sh)