Snow hits Stobart for £1.5m
The early winter's adverse weather conditions cost logistics giant Stobart Group £1.5m in exceptional costs the company said in a trading update today (21 January).
The Group said it continued to deliver an excellent service through the busiest trading period of the year leading up to Christmas, but has incurred some exceptional costs in the region of £1.5m as a result of the impact of the extreme adverse weather on the transport sector during this time.
Overall, however, performance continued at a rate significantly ahead of the same period last year, it said, adding that the majority of revenue expectations for the next financial year had been secured.
There had been strong growth in revenue from the new business including Tesco and the Scottish drinks firm A G Barr and expectations for the coming months include building on a new Britvic contract that starts next month and new contracts and volume for Stobart Biomass Products.
