Q1 revenues dip at Wincanton
Group revenue in Q1 was down 4.5% year-on-year, when closed book transport contracts were excluded.
THE LOGISTICS services provider posted an update on its trading performance for the three months ended 30 June 2023, Q1 of its financial year.
Year-on-year revenue is 10.4% lower when including closed book transport.
Revenue in Grocery and Consumer decreased by 5.6% year-on-year and General Merchandise was 16.9% lower reflecting both volume reductions and customer churn.
Revenue from eFulfilment increased by 15% in the first quarter. The Group secured several significant new eFulfilment contract wins in the quarter, all of which will commence in Q2. These contract wins include the expansion of the IKEA network partnership into Ireland and final mile delivery in Greater London.
Revenue from the Public and Industrial sector increased by 2.1% year-on-year.
