Eddie Stobart returns to profit

GreenWhiteStar Acquisitions (GWSA), which owns and runs the Eddie Stobart trucking business, said the haulier has returned to profitability after an accounting scandal last year nearly led to the company’s downfall.
By Ros Snowdon
Published 12th Oct 2020, 08:24 BST
Updated 12th Oct 2020, 08:28 BST
Eddie Stobart said it has put past challenges firmly behind itEddie Stobart said it has put past challenges firmly behind it
Eddie Stobart said it has put past challenges firmly behind it

William Stobart, executive chairman of GWSA and son of founder Eddie, said revenues fell 1 per cent to £416.5m in the six months to May 31 and underlying pretax profits, which strip out any one-off costs, flipped from a £6.3m loss to a £16.6m profit.

William Stobart, executive chairman of GWSA, said: “These results show we have put past challenges firmly behind us. The past six months have shown the strength of our differentiated business model which has allowed us to grow existing customer relationships, win new business, return the GWSA Group to profitability and overcome challenges presented by Covid-19.

Hide Ad
Hide Ad

“Looking ahead, we are confident that our renewed focus on our historic core capabilities as transport and logistics services provider for the FMCG and grocery sectors, and as a leading player in e-commerce logistics and fulfilment, will allow us to drive profitable growth going forward.”

Related topics:Covid-19