5 April 2018 – trading update
The leading logistics business has confirmed that the full year result will be in line with expectations. An exceptional restructuring charge will be incurred in the year, as noted by the company previously. Closing net debt is expected to be approximately £30m. Results for the year ended 31 March 2018 will be announced on 17 May. We continue to believe that the shares are good value and keep our BUY rating.