Eddie Stobart drives back towards profit

“Looking forward, we are self-confident that our renewed concentrate on our historic main abilities as transportation and logistics services supplier for the FMCG and grocery sectors, and as a leading participant in e-commerce logistics and fulfilment, will permit us to travel financially rewarding advancement heading ahead.”

Mr Stobart, son of founder Eddie, retook manage of the haulier next an accounting scandal previous calendar year when £2m was unaccounted for.

The complications led to an investigation about the auditors – KPMG and PwC – and observed shares in Eddie Stobart Logistics suspended.

A £55m rescue deal was agreed previous December, which observed offshore personal equity firm Dbay Advisors obtain a 51pc stake in Eddie Stobart Logistics – setting up Mr Stobart as chairman to oversee the turnaround.

In the six months to Could 31 revenues fell one.1pc to £416.5m and fundamental pre-tax profits – which exclude any a single-off fees –

Read More