Eddie Stobart Logistics annual revenue tops market expectations
StockMarketWire.com - Eddie Stobart Logistics said Friday annual underlying earnings were broadly in line with market expectations and revenue was ahead on the back of major contracts won during the year.
For the 12 months ended 30 November 2018, revenues grew 35% to approximately £843m, ahead of market expectations.
The company attributed the jump in revenue to 'significant and broad-based growth across all our sectors with £162m of new contract wins during the year, organic growth within the existing customer base and continuing strong performance by our acquired subsidiaries.'
The company said it expected to deliver further margin growth in 2019 building on improvements seen in the second half of 2018.
At 8:28am: (LON:ESL) Eddie Stobart Logistics Plc share price was +6p at 109.5p
Story provided by StockMarketWire.com