Wincanton Group, a leading supply chain partner for UK business, has published its half year results for the six months to 30 September 2022.
The Group reported that it had delivered a positive set of results, with first-half revenues of £753.6 million up 9.2% and profit up 2.6% year-on-year with growth across all four of its sectors.
Wincanton’s foundation sectors of Grocery & Consumer and General Merchandise secured 3.2% and 14.6% revenue growth respectively through renewals with customers such as Heinz.
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Wincanton plc announced its eFulfilment revenue is up 19% following a solid performance and contract wins including Gopuff and Nkuku.
The business expects to deliver revenue and profit in line with market expectations for FY23 as “diversified customer portfolio delivered sustained growth in a challenging external environment,” the company said.
Wincanton also said it is mindful of the expected continuation of macro-economic uncertainty and will continue to work closely with customers to manage inflationary pressures.
“Wincanton has delivered another good performance during the first half of the year in a challenging macro-economic environment,” Wincanton CEO James Wroath said.
He added: “I would particularly like to thank our people, who continue to provide exceptional service to our customers delivering supply chain value every single day.
“We continued to win new business and made further progress against our growth strategy. Our exceptional customer service and track record for delivery are the foundations of our business.
“We are reinforcing this with sustained investment into automation and robotic solutions to meet the growing demand for these technologies, and they are delivering tangible results for our customers.
“I am very satisfied with the progress we have made in the period, and I remain confident in our strategy.”
The news comes as a threat of strike action involving Asda HGV drivers is no longer going ahead at the supermarket’s Wincanton’s depot in Rochdale after an agreement was made with trade union Unite.
