Xpediator PLC Trading Statement (0643D)
25 Junio 2021 - 1:00AM
UK Regulatory
TIDMXPD
RNS Number : 0643D
Xpediator PLC
25 June 2021
25 June 2021
XPEDIATOR PLC
("Xpediator" or the "Group")
Trading Update
Xpediator (AIM: XPD), a leading provider of freight management
services across the UK and Central and Eastern Europe, is pleased
to confirm that, further to the AGM Statement of 8 June 2021, based
on positive trading trends for the first six months of the year, it
is able to increase guidance in respect of expected performance for
the year to 31 December 2021.
As stated on 8 June 2021, demand for the Group's services across
all three divisions has been strong, with those parts of the
Transport and Logistics & Warehousing divisions that were
impacted by the Covid-19 pandemic, now all trading positively.
As with many logistics businesses, the majority of profits are
made in the second half of the year. However, results received to
date for June 2021 have continued the strong trading trends since
early 2021, and the Board now believes the business is well placed
to deliver full year adjusted profit before tax in excess of GBP8.5
million.
Robert Ross, Chief Executive Officer of Xpediator, said: "We
have had a good first half which has positioned us well for a
strong outcome for the full year. We are bringing the Group closer
together unifying IT, people and brands, the benefits of which are
starting to come through."
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Xpediator plc Tel: +44 (0)330 043
2395
Robert Ross, Chief Executive Officer
Mike Williamson, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser & Tel: +44 (0)20 7397
Broker) 8900
Giles Balleny, Max Gould (Corporate Finance)
Alex Pollen, Michael Johnson (Sales)
Novella Communications (Financial Public Relations) Tel: +44 (0)20 3151
7008
Tim Robertson
Fergus Young
About Xpediator:
Xpediator is a well-established international provider of
freight management services. Established in 1988, the Group's
international network of offices provides road, sea and air freight
services, together with logistics and warehousing in the UK and
Romania. The business offers integrated freight management within
the supply chain logistics and fulfilment sector, through its three
main areas: freight forwarding, logistics & warehousing and
transport services. With headquarters in Braintree, Essex and
country offices in nine CEE countries across 38 sites, the Group
currently employs over 1,200 people and was successfully listed on
London's AIM market in 2017.
For more information, please visit: www.xpediator.com .
Alternatively, do follow us on Twitter at @Xpediator or find us
on LinkedIn at Xpediator Plc .
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END
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June 25, 2021 02:00 ET (06:00 GMT)
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