Full Year 2022 Wincanton PLC Earnings Call Transcript

May 20, 2022 / 08:30AM GMT
James Wroath - Wincanton plc - CEO & Executive Director

Good morning, everyone, and thanks for joining this call for the presentation of our full year results ended 31st of March 2022. Here is the disclosure statement, which I'm sure everyone is familiar with. In a moment, I'm going to be taking you through an executive summary covering the main themes of Wincanton's performance for the last financial year. I'll then hand over to our Interim CFO, James Clarke, to talk us through the details of our financial performance before returning to give a more detailed overview of sector performance and progress against our strategic priorities. Finally, we'll conduct a question-and-answer session.

Financial performance for the year ending 31st of March 2022 was excellent, with revenue increasing 16% versus last year and growth achieved in all 4 of our sectors. Retail volumes remained strong, and we saw the benefit of new contract wins, particularly in our key strategic markets of e-commerce, the public sector and major infrastructure. Full year underlying profit before tax increased by 23% against last

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