Eddie Stobart Logistics plc provided trading update for the financial year ended 30 November 2018. Group revenues for the financial year grew 35% to approximately £843 million against £623.9 million a year ago, ahead of market expectations. Revenues excluding contributions from acquired subsidiaries, iForce, Speedy Freight and The Pallet Network (TPN), increased by 18%. This reflects significant and broad-based growth across all sectors with £162m of new contract wins during the year, organic growth within the existing customer base and continuing strong performance by acquired subsidiaries.


For 2019, the company's underlying EBIT for the period was broadly in line with market expectations.