Xpediator PLC Trading Statement (2855Q)
February 18 2019 - 1:00AM
UK Regulatory
TIDMXPD
RNS Number : 2855Q
Xpediator PLC
18 February 2019
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
18 February 2019
XPEDIATOR PLC
("Xpediator" or the "Company" or the "Group")
Trading Update FY 2018
Xpediator, (AIM: XPD), a leading provider of freight management
services across the UK and Europe, is pleased to confirm the Group
has achieved its growth objectives and recorded significant
increases in sales and profits for the twelve months to 31 December
2018 ("FY 2018") in line with market expectations.
Revenue Growth
-- 54% increase in total revenues (unaudited) to approximately
GBP179 million (2017: GBP116 million) generated by over 14,000
customers with no one customer accounting for more than 2% of
revenues.
Acquisition led-growth, in 2018 Xpediator acquired two
companies:
-- Import Services Logistics and Anglia Forwarding, both
acquired during 2018, have contributed an additional 18% in
revenue, added over 400 new customers including greater Amazon
activity and significantly expanded the Group's UK gateway
capabilities with facilities in Felixstowe, Heathrow and
Southampton.
-- In January 2019, Simon Youd joined as Head of M&A and
Integration from Woodland Group Limited, the international
logistic, freight forwarding and supply chain specialist.
-- There is a good pipeline of acquisition opportunities which
meet the acquisition criteria of enhancing the Group's geographical
capabilities (especially in the fast-growing CEE region) and
extending the Company's presence in air and sea transportation.
Organic growth has been positive reflecting the underlying
strength of the business. In particular:
-- Freight forwarding revenues across the Baltics and Balkans
have grown significantly against challenging prior year
comparators.
-- The Group's Pall-Ex franchise in Romania also performed
strongly against challenging prior year comparators, offering a
pallet delivery service to any part of the country within 24 hours
and handling in excess of 50,000 pallets on average per month in FY
2018 (FY 2017: 40,000 average pallets per month).
-- Continued Affinity revenue growth which is now providing DKV
fuel card and associated services such as roadside assistance and
ferry bookings to over 14,000 vehicles (FY 2017: 12,000).
-- E-fulfilment in the UK and the continent while still a
relatively small part of the business overall is growing
rapidly.
The Company's Brexit team has been working closely with leading
transport associations and port authorities to plan ahead. The
Group already holds Authorised Economic Operator status which will
be critical in being able to support both exporters and importers
post Brexit under most forecasted scenarios. Ultimately, the
Group's customers will need to understand and find solutions to
continue delivering their goods to their end-market and Xpediator
is well placed to support them.
Xpediator intends to release its audited final results for FY
2018 in April 2019.
Stephen Blyth, CEO of Xpediator said, "The business is
performing well, growing both organically and through acquisition.
We are continuing to invest across the Group to ensure we have the
platforms and resources capable of delivering future growth and
ensuring we remain well placed to maximise the opportunities that
are increasingly available."
Enquiries
Xpediator plc Tel: +44 (0)330 043
2395
Stephen Blyth, Chief Executive Officer Email: info@xpediator.com
Stuart Howard, Chief Financial Officer
SP Angel Corporate Finance LLP (Nominated Advisor Tel: +44 (0)20 3470
& Joint Broker) 0470
Jeff Keating
Caroline Rowe
Cantor Fitzgerald Europe (Joint Broker) Tel: +44 (0)20 7894
7000
David Foreman, Michael Boot (Corporate Finance)
Caspar Shand Kydd (Sales)
Novella Communications (Financial Public Relations) Tel: +44 (0)20 3151
7008
Tim Robertson
Toby Andrews
About Xpediator:
Xpediator is a well-established international provider of
freight management services. Established in 1988 by CEO Stephen
Blyth today 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 their 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 938 people
and was successfully listed on London's AIM market in August
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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