Haulage company Wincanton PLC (WIN.LN) Thursday said contract wins in new sectors such as recycling have offset low volumes in its traditional markets, and it expects to report fiscal year earnings in line with its own expectations.

Wincanton said it extended contracts with longstanding customers like do-it-yourself retailer B&Q and drug maker GlaxoSmithKline PLC (GSK.LN) and picked up contracts in new sectors including recycling, waste management and record management.

It has also been offering customers new services--like transport consultancy--to help earnings while the overall volume of goods being transported across the U.K. and Europe remains low, it said.

Container volumes have yet to recover to pre-recession levels, Wincanton said.

Wincanton didn't say what its expectations were but analysts expect the company to report a pretax profit of between GBP35 million and GBP38.6 million for the year to end-March, according to FactSet.

Fiscal year pretax profit will be lower than a year earlier, Wincanton said, largely because of higher finance costs following a refinancing in 2009.

Company Web site: www.wincanton.co.uk

-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com
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