Trading in line with expectations at Wincanton

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09 February 2012

Secured new contracts with SuperGroup, Premier Foods, Chevron, B&Q and Thames Water

Wincanton has issued an interim management statement for the period from 1 October 2011 to date, during which it has continued to trade in line with its expectations. Wincanton secured a major win with Asda and new contracts with SuperGroup, Premier Foods, Chevron, B&Q and Thames Water, demonstrating momentum in its new business pipeline across different industry sectors. Wincanton has also secured contract renewals including those with WHSmith, Husqvarna and Procter & Gamble.

During the period Wincanton completed the last disposal in the strategic withdrawal from its Mainland European businesses which will allow Wincanton to focus on developing its leading position in the UK & Ireland markets.

Wincanton also announced the refinancing of its main bank facility in January following the completion of the disposal above. The refinancing saw a diversification of Wincanton's capital structure and a much improved maturity profile of its debt.

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