Eddie Stobart Logistics (ESL) published its H1 results on 30 August, reporting 25% revenue growth, including 10% organic. Organic growth was boosted by a higher than average level of contract wins and a good performance from the e-commerce division. A flip side of the contract wins was that they incurred network reoptimisation costs and this was the main reason that the EBIT margin declined from 5.9% to 5.0%. Management maintained full-year guidance.
05 Sep 2018
Eddie Stobart Logistics - Strong revenue growth boosted by contract wins
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Eddie Stobart Logistics - Strong revenue growth boosted by contract wins
Logistics Development Group Plc (LDG:LON) | 11.2 0 0.0% | Mkt Cap: 58.5m
- Published:
05 Sep 2018 -
Author:
Robert Plant -
Pages:
6
Eddie Stobart Logistics (ESL) published its H1 results on 30 August, reporting 25% revenue growth, including 10% organic. Organic growth was boosted by a higher than average level of contract wins and a good performance from the e-commerce division. A flip side of the contract wins was that they incurred network reoptimisation costs and this was the main reason that the EBIT margin declined from 5.9% to 5.0%. Management maintained full-year guidance.