Wincanton – strong Q4 growth

End to end logistics operator Wincanton have reported that growth for the fourth financial quarter (Q4) is set to be in the region of 15% as against the same time in 2020. All four lines of business saw strong growth.

Wincanton’s Digital and eFulfilment sector is set to deliver year on year growth in the region of 40%. High volumes in its existing e-commerce activities have been complemented with new business from Dobbies, Dwell and a new customer fulfilment centre for Waitrose.

The Public and Industrial sector saw 10% growth in the financial quarter thanks to new business from Inland Border Clearance and storage and distribution of Covid-19 testing kits. Meanwhile Grocery and Consumer saw 3% growth, with the impact of panic buying hitting overall growth. General Merchandise was a strong growth area that saw 28% growth in the quarter.

James Wroath, Chief Executive Officer of Wincanton, commented: “Wincanton has delivered another strong performance, maintaining our positive momentum throughout the final quarter of the year. Our people have met the challenges associated with operating in another lockdown and it is very satisfying to see all four parts of the business in growth and contributing positively to the Group.

“We are also delighted to have expanded our eFulfilment capabilities and capacity further with our new site in Rockingham. This serves as a marker of our ambitions to capitalise on the growth opportunities presented by the increasing prominence of online retail.”

Share

Comments are closed.