Wincanton revenues grow by 12% 2021-22

UK business supply chain partner Wincanton plc has seen group revenues grow by 12% in the fourth quarter of the financial year ending 31 March 2022.

In its full year results to be reported in full on the 20th May, the company is expected to report that including its acquisition of Cygnia, Wincanton’s e-fulfilment business is set to have grown by 56% for the full year. Cygnia’s business has contributed to 41% of that growth.

According to the company, its two retail divisions – Grocery and Consumer, and General Merchandise are expected to see revenue growth of 17% for the full year. Part of that has been due to securing the Primark contract for which it has taken on 160 trucks and vans as well as recruiting or transferring over 96 drivers.

Even through the HGV driver shortage, Wincanton has managed to add 260 new drivers to its team, and now has 5,360 drivers operating its vehicles across the UK.

James Wroath, Wincanton’s Chief Executive Officer, said: “Wincanton has delivered a strong final quarter performance, maintaining the positive momentum we have seen throughout the year and with all four parts of the business contributing positively to our growth. We continue to deliver against our strategy, with significant growth in our focus markets of eFulfilment, public and infrastructure, and we are well placed to capitalise on the opportunities we have ahead of us in the coming year.”

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