Comment / Snapshot: FM Logistic and Wincanton see sales boost...

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It’s pure-play contract logistics operator-corner!

A quick snapshot on two of the smaller PPCLOs – FM Logistic and Wincanton – which yesterday issued new financial updates showing solid revenue growth offset by rising costs.

First up, France’s FM Logistic, which released its 2021 annual report that showed a 10.1% growth in revenues to €1.5bn, while EBIT, which came under “severe pressure”, declined 13.7% to €31.5m.

CEO Jean-Christophe Machet explained: “Our EBIT for the year fell short of target.

“The two main reasons are the ...