Revenue rise for Wincanton
Wincanton saw revenue increase 1.7% to £1,222m in results for the financial year ended 31 March 2021.
Underlying profit before tax fell to £47.2m from £52.8m in 2020. The firm said it recovered rapidly following initial pandemic disruption with a surge in eCommerce activity, unprecedented retail volumes, and an upturn in construction activity.
Highlights included:
- First “darkstore” Customer Fulfilment Centre delivered with Waitrose.
- New eFulfilment centres in Rockingham and Nuneaton.
- Significant new wins awarded by Dobbies, Heineken, Wickes, HMRC and DHSC.
- New ESG strategy launched with commitments to reach net-zero by 2040, and home deliveries to be net-zero by April 2022.
CEO James Wroath, said: “These results clearly show the benefits of the breadth of our offer and the commitment of our people who stepped up to meet the challenges we faced. We have grown revenues strongly since the early impact of the pandemic, fuelled by particularly good performance in Digital & eFulfilment and new wins in the public sector.”