Flash note: Trading in line, debt reduction benefits
Wincanton’s pre-close statement has reaffirmed that trading results will be in line with expectations. With the proceeds received from the disposal of Records Management used to pay down debt and £34m of US Private Placement notes repaid on maturity via the RCF, Wincanton is set to see an ongoing reduction in financing costs as forecast. This follows the thesis set out in our March 2016 initiation that the group is now a more focused logistics play with increasing financial flexibility.Wincanton provides logistics and supply chain solutions. Co.'s segments are: Retail & Consumer, which include retail general merchandise, retail grocery and consumer products; and Industrial & Transport, which include transport services, construction and other. Co.'s retail & consumer operations manage the flow of goods from production through to delivery to the store or home. Co.'s industrial & transport operations handle a range of industrial products through a network. The products are as diverse as fuel, bricks and engineering components alongside the transport of containers and general goods. It also includes the maintenance of large goods vehicles and heavy goods vehicles.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.