Wincanton Plc (LON:WIN) said full-year profits are likely to be “materially ahead” of expectations thanks to booming demand for online retail in the pandemic.
The logistics group said revenue in its Digital and eFulfilment arms was “significantly ahead” of pre-COVID-19 levels, with elevated numbers of two-person home deliveries through the summer months.
It said profit margins in those businesses have also been boosted by operational efficiencies in its arms.
The performance across the rest of the group, which includes a construction arm that struggled during lockdown, has also been “encouraging”, supported by cost cuts earlier in the year.
Shares in the company rose 9% to 196.5p on Wednesday morning.