The results from Xpediator for the six months to June were extraordinarily good. Revenues declined just 2.7%, with gross and operating margins modestly ahead - and this from a company with considerable exposure to the consumer. The results highlight the entrepreneurial nature of the business: new business was won and the utilisation of the Group’s Transport Solutions clients to find the best routes and rates when the pandemic closed several CEE borders. The dividend was increased by 61% y-o-y which highlights confidence in the outlook.
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
Back to basics is paying off
- Published:
14 Sep 2020 -
Author:
David O’Brien -
Pages:
11
The results from Xpediator for the six months to June were extraordinarily good. Revenues declined just 2.7%, with gross and operating margins modestly ahead - and this from a company with considerable exposure to the consumer. The results highlight the entrepreneurial nature of the business: new business was won and the utilisation of the Group’s Transport Solutions clients to find the best routes and rates when the pandemic closed several CEE borders. The dividend was increased by 61% y-o-y which highlights confidence in the outlook.