Report

Strategy paying dividends

The resumption of a dividend following strong results is a clear signal that Wincanton has moved from deleveraging and addressing legacy issues to growth. With the £60m Records Management (WRM) disposal and forthcoming integration of the remaining specialist businesses into core logistics, Wincanton is positioning to leverage group-wide integrated opportunities. Recent contract wins have reconfirmed the longstanding relationship-based model, while the reorganisation into retail & consumer and industrial & transport segments will enable further market focus and service development to drive both revenue and efficiency.
Underlying
Wincanton PLC

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.

Provider
Edison Investment Research
Edison Investment Research

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.

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Analysts
Roger Johnston

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