With the growing ecommerce industry and successful players like Amazon continuing to revolutionise the way we buy goods, it is a very advantageous time to be positioned in the warehousing and delivery sector.
Xpediator (XPD) operates three main business areas: freight forwarding, logistics and warehousing, and transport services. It provides regular and direct services linking Eastern Europe, the Balkans and the Baltics with Western Europe.
The group announced its interim results today with a very positive outlook. Highlights include its operating profits increasing by 132.9% from last year, its dividends increasing by 21% from 0.347p to 0.42p, and great share price growth, more than doubling, from 30p a share last year, to 72p a share today.
This growth has been driven by the organic opportunities the group has successfully capitalised on, as well as their M&A activity. Group sales are up by 60% with increased contribution from all three of its operating divisions.
With economic growth especially across the CEE region and increasing e-commerce activity, the demand for its range of freight management services has continued growing and generated increased revenues.
As for Brexit, the group has been a cross border transport solution provider for the past 30 years, (including customs clearences), meaning the group is well positioned to adapt to, and benefit from the consequences of Brexit, hard or soft.
For more, listen to today’s Vox Markets podcast with CEO Stephen Blyth
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