viewXpediator PLC

Xpediator’s “critical” role in post-Brexit imports and exports to take 2019 sales past £200mln

Xpediator has posted strong growth in sales and profits for 2018, and it expects its experience to come in handy as companies move goods in and out of the UK post-Brexit

logistics warehouse
Pre-tax profits more than doubled last year

Xpediator PLC (LON:XPD) said it believes its services will be “critical” for companies looking to move goods in and out of the UK post-Brexit as the freight forwarder posted strong full-year results. sending its shares higher.

The AIM company, which organises the collection and delivery of products on a firm’s behalf, already holds Authorised Economic Operator status which will allow it to support importers and exporters in “most forecasted [Brexit] scenarios”.

Demand for its services from customers’ looking to navigate increased red tape and customs checks should help Xpediator rack up more than £200mln in revenue this year.

The company confirmed on Monday (29 April) that revenue rose by 54% to £179.2mln in the year ended 31 December 2018. Pre-tax profits more than doubled to £5.6mln.

Growth was helped by two acquisitions - Import Services Logistics and Anglia Forwarding – that added 18% to turnover and brought with them facilities in Felixstowe, Heathrow and Southampton.

Freight forwarding across the Baltics and Balkans were especially strong, while the pallet franchise in Romania continues to do well.

Given the solid showing, bosses have proposed a final dividend of 0.84p a share, taking the total dividend for the year up to 1.26p – a 27% increase versus 2017.

“The business is performing extremely well, growing both organically and through acquisition,” said chief executive Stephen Blyth.

“Good cash generation during the year reflected a strong focus on working capital and increased financial disciplines.

“The group has a solid financial base with the financial headroom to support the group's future ambitions. In 2019 we are on track to exceed £200mln of sales, a near threefold increase since 2016.”

In afternoon trading, shares in Xpediator were 9.7% higher at 51p.

 -- Adds share price --

Quick facts: Xpediator PLC

Price: 22.155 GBX

Market: AIM
Market Cap: £31.38 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Xpediator PLC named herein, including the promotion by the Company of Xpediator PLC in any Content on the Site, the Company receives from said...



Xpediator PLC remains confident and enters second half of its year in good shape

Xpediator PLC's (LON:XPD) Robert Ross says transportation volumes are moving back towards pre-coronavirus (COVID-19) crisis levels. He says the group’s performance over the first half of the year was only marginally behind expectations management had before the massive disruption to travel...

3 weeks, 5 days ago

2 min read