News / Wincanton sees profits rise as 'the Adrian Colman era' comes to an end

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Wincanton raised its profit at around the same rate it lost revenue during its fiscal year 2018.

Despite a 2.6% decline in turnover, to £1.14bn (£1.17bn a year earlier), profits (recorded as ebitda) climbed 2.9% to £66.7m. 

Outgoing chief executive Adrian Colman said “key areas” had grown, including retail general merchandise. 

“In the second half of the year, we secured substantial new contract wins that should position the group well in the coming periods,” he added. 

“Revenue performance overall in the year was impacted by ...