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Robert.Jervis_43227 Mar 31

Xpediator confident of ‘robust demand’

Xpediator confident of ‘robust demand’ image
Flex supply requirements against demand
Xpediator expects demand for its freight management and warehouse services in the UK and Europe will "remain sufficiently robust overall" during the Covid-19 pandemic. The company also revealed it expects a 19 per cent surge in revenue in its latest financial year.

In a trading update, Xpediator said turnover is expected to climb from £179.2m to £212m for the year ended 31 December 2019.

It added:

"Trading in the first three months of 2020 has been in line with our expectations.

"Although trading patterns have been different, for example revenues from Chinese customers understandably reduced in the first two months, however, this has been off-set by higher than expected demand from other sectors such as our European road freight forwarding and Pall-Ex in Romania, and over the last couple of weeks Chinese volumes have started to improve.

"Warehouse utilisation has been good and is expected to continue across all areas of operations. The freight forwarding division is of course asset light and has the ability to flex supply requirements against demand in a timely fashion.

"We have experienced supply issues on equipment and therefore buying and selling prices have increased to reflect this."

Source: Insider Media