Pre-Close Season Update
30 September 2003 - 5:01PM
UK Regulatory
RNS Number:3179Q
Wincanton PLC
30 September 2003
FOR IMMEDIATE RELEASE 30 September 2003
WINCANTON plc
PRE-CLOSE SEASON UPDATE
Wincanton plc today issues the following pre-close season update for the six
months ending 30 September 2003:
"We are beginning to see the benefits of the broader service offering and
geographic presence of the enlarged Wincanton. New business activity continues
to be encouraging in respect of both national and cross-BORDER="0"
opportunities.
Our UK businesses, although held back by reduced activity levels in our chilled
consolidation network, are performing well and benefiting from our enhanced
market position. In Continental Europe, good performances in our 4PL operations
and in countries such as Poland and Hungary are being offset to some extent by
lower volumes in Spain and parts of our French business. In Germany, the
performance of our logistics and transport network operations continues to
improve but our intermodal business has been adversely affected by very low
Rhine water levels.
We nonetheless anticipate full year performance, which will be more weighted
towards the second half, to be broadly in line with our expectations. Cashflow
is also expected to benefit from asset disposals, particularly in respect of our
property portfolio."
Contact:
Wincanton Tel: 01963 828282
Paul Bateman, Chief Executive
Gerard Connell, Group Finance Director
Charles Carr, Director of Marketing & Communications
Buchanan Communications
Richard Oldworth/Charles Ryland/Jeremy Garcia Tel: 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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