The pre-AGM trading update from Xpediator was positive. While there has been a degree of disruption due to COVID-19, this has been less than management expected and mostly offset at the margin level by the action taken on costs during Q1. One should bear in mind the asset light nature to trading, good progress experienced outside of the UK, plus strong temperature-controlled and e-commerce related activity. The M&A pipeline is healthy and likely to grow further in the current climate.
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Positive AGM update
- Published:
28 May 2020 -
Author:
David O’Brien -
Pages:
2
The pre-AGM trading update from Xpediator was positive. While there has been a degree of disruption due to COVID-19, this has been less than management expected and mostly offset at the margin level by the action taken on costs during Q1. One should bear in mind the asset light nature to trading, good progress experienced outside of the UK, plus strong temperature-controlled and e-commerce related activity. The M&A pipeline is healthy and likely to grow further in the current climate.