- 20 January 2021
- Transport / Logistics Services
3PL and logistics providers Wincanton Group has returned to profit after a pandemic-induced bump in 2019/20.
In the Third Quarter of the financial year (Q3), revenues grew by 10% compared to the same period in 2019/20. All four business segments saw growth as the company recovered from the 2020 hard lockdown that had impacted business.
Digital and e-fulfilment saw a 40% growth in revenues thanks to strong demand for online shopping. Thanks to the construction sector growing quickly, the Public and Industrial segment also grew quickly.
Wincanton Group has also won a number of large contracts including one with Inland Border Clearance Centres and a Department of Health contract for storage, order fulfilment and customer delivery of pandemic testing kits. Leading retail brands Waitrose and Dobbies have signed contracts with the firm for digital and e-fulfilment services that are to commence before year-end.
The company does not expect the current national lockdown to impact business.
James Wroath, Wincanton Chief Executive Officer commented: “I would like to thank my colleagues for their incredible efforts in delivering a hugely successful Q3 and Christmas period, despite the ongoing challenges of COVID-19. The strong performance of our underlying business and the new contracts we are implementing in our strategic growth markets are clear evidence that we are delivering on our strategy even in the difficult current climate.