Wincanton (WIN)

Sector:

Commercial Transport

Index:

FTSE 250

 600.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 630.00
  • 52 Week Low: 206.50
  • Currency: UK Pounds
  • Shares Issued: 124.54m
  • Volume: 271,706
  • Market Cap: £747.26m
  • RiskGrade: 199

Wincanton FY profit to exceed market expectations, shares surge

By Michele Maatouk

Date: Thursday 20 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Wincanton shares surged on Thursday after the logistics firms said full-year profit was set to exceed market expectations following a strong performance in the third quarter.
The company said it has continued to see strong trading across all four business sectors, with high demand for its services.

Group revenue was up 15% on the same quarter last year, or 14% excluding the impact of acquisitions and disposals.

"Given the strong Q3 performance, and with greater certainty regarding the mitigation of cost pressures, the group now expects full year profit to exceed current market expectations," it said.

Revenue in the company's digital and eFulfilment sector rose 51% in the third quarter, driven by the acquisition of Cygnia, its specialist high-volume eFulfilment business. Excluding Cygnia, revenue was up 22%.

Revenue in the grocery and consumer sector was 19% higher in the third quarter and Wincanton said it also benefited from a strong performance in the general merchandise sector, where quarterly revenues were ahead 9%.

Revenue in the company's public and industrial sector was up 5%, driven mainly by growth of the public sector business.

Chief executive James Wroath said: "Wincanton has continued to deliver value for its customers and this has generated another strong financial performance over the past quarter. Looking ahead, the business is on the right track.

"We are maintaining our relentless focus on the delivery of our strategy, with innovation and new technologies driving growth throughout the business."

At 0900 GMT, the shares were up 11% at 386p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Wincanton Market Data

Currency UK Pounds
Share Price 600.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 630.00
52 Week Low 206.50
Volume 271,706
Shares Issued 124.54m
Market Cap £747.26m
RiskGrade 199

Wincanton Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.86% below the market average83.86% below the market average83.86% below the market average83.86% below the market average83.86% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Price Trend
98.40% above the market average98.40% above the market average98.40% above the market average98.40% above the market average98.40% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
25.6% below the market average25.6% below the market average25.6% below the market average25.6% below the market average25.6% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
67.4% below the market average67.4% below the market average67.4% below the market average67.4% below the market average67.4% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Wincanton Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Nov-23 13-Jul-23
Paid 15-Dec-23 11-Aug-23
Amount 4.40p 8.80p

Trades for 28-Mar-2024

Time Volume / Share Price
16:57 287 @ 600.22p
16:35 122,648 @ 600.00p
16:35 594 @ 600.00p
16:35 17,976 @ 600.00p
16:35 217 @ 600.00p

Wincanton Key Personnel

Chair Martin Read
CEO James Wroath
CFO Tom Hinton

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