Haulage & Handling

Wincanton sees Q3 revenues rise 10%

Growth was reported in all four of the group’s core business segments

Wincanton, a supply chain partner for UK business, has announced a year-on-year revenue growth of 10% for the quarter following 5 November 2020.

The group reported growth in all four of its core business segments, with improvement in revenues and profitability a continued theme since the initial impact of the Covid-19 crisis.

The largest increase in revenue was to the group’s digital and e-fulfilment sector, which received 40% higher demand throughout the quarter as customers continued to switch to online shopping.

Moreover, sales in the public and industrial sector were boosted through strong volumes of construction and the increased utilisation of Wincanton’s shared transport network.

James Wroath, CEO at the group, said: “I would like to thank my colleagues for their incredible efforts in delivering a hugely successful Q3 and Christmas period, despite the ongoing challenges of Covid-19. 

“The strong performance of our underlying business and the new contracts we are implementing in our strategic growth markets are clear evidence that we are delivering on our strategy even in the difficult current climate.”

Moving forward, the firm is set to commence new deals with Waitrose and Dobbies before the year-end as profitability for the financial year sits ahead of market expectations.

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