Photo 130710076 © Andrii Yalanskyi | Dreamstime.com

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 ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.