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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wincanton Plc | LSE:WIN | London | Ordinary Share | GB0030329360 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 605.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:1807J
Wincanton PLC
26 March 2003
26 March 2003
WINCANTON PLC
PRE-CLOSE SEASON UPDATE
Wincanton plc today issues the following statement in respect of its recent
Trans European acquisition and the financial year ending 31 March 2003:
"Rapid progress has been made towards the integration of Trans European's UK
business with Wincanton's existing operations. Annualised cost saving targets
will be met within the Board's original timetable and opportunities to deliver
further savings are anticipated. Good progress is also being made in the
assessment of actions required to improve the performance of certain Continental
European operations.
The Board has been encouraged by the positive response of customers to the Trans
European acquisition. Our business development teams are active, both in
respect of national markets and cross-border initiatives, and we are already
seeing incremental opportunities arising from the enhanced customer, service and
geographic base of the enlarged group.
Economic conditions remain challenging. However, against this background, the
Group's operations have been performing broadly in line with expectations".
Paul Bateman, Wincanton's Chief Executive, commented:
"The Trans European acquisition represents a major strategic step forward for
Wincanton. We have made solid progress on business integration and are working
hard to deliver the growth potential of the enlarged group. Despite the
difficult economic conditions, we have great confidence in its future".
Contact:
Wincanton plc Tel: 01963 828282
Paul Bateman, Chief Executive
Gerard Connell, Group Finance Director
Charles Carr, Director of Marketing & Communications
Buchanan Communications Ltd Tel: 020 7466 5000
Richard Oldworth/Charles Ryland/Jeremy Garcia
This information is provided by RNS
The company news service from the London Stock Exchange
END
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