Eddie Stobart announces revenue of £618 million

Eddie Stobart

Eddie Stobart announces revenues increase of 12%

Eddie Stobart has released its financial results for the year ended 30 November 2017.

The company has said that revenues were £618 million representing year-on-year growth of 12%.

Chief executive Alex Laffey said: “We are pleased with our performance during the year and to have delivered strong profit growth in line with expectations.

“The last quarter of the financial year saw a marked increase in contract wins some of which have now commenced and provide good visibility for the current financial year.

“Christmas trading across the Group was in line with our expectations. The new financial year has commenced well with growth ahead of prior year across all sectors and further new customer contracts agreed with Homebase, Cemex and Knauf.

“We look forward to the current year with confidence.”

The group’s audited results for the 12 months to 30 November will be released in March.

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