Source - SMW
Eddie Stobart Logistics said revenues for the year ended 30 Nov were £618m representing year on year growth of 12%.

It said  underlying EBIT was in line with expectations reflecting strong organic growth and new contract wins. 

The group said: 'Our customer sectors of e-commerce, manufacturing, industrial and bulk (MIB) and retail delivered double digit growth in the period and the recent acquisitions of iForce, Speedy Freight and The Logistics People continue to perform strongly for the group.'

Chief executive Alex Laffey said: 'We are pleased with our performance during the year and to have delivered strong profit growth in line with expectations. 

'The last quarter of the financial year saw a marked increase in contract wins some of which have now commenced and provide good visibility for the current financial year.

'Christmas trading across the Group was in line with our expectations. The new financial year has commenced well with growth ahead of prior year across all sectors and further new customer contracts agreed with Homebase, Cemex and Knauf.

'We look forward to the current year with confidence.'   The group's audited results for the 12 months to 30 Nov will be released on 29 Mar.